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Fed clears China's first US bank takeover

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Fed clears China's first US bank takeover

Postby Z00 » Thu May 10, 2012 2:02 am

A foot in the door? I don't like it!

The Fed said Wednesday that the ICBC proposed acquisition, which is "relatively small," would not have much of an impact on the banking market.

I STILL don't like it.

http://ca.news.yahoo.com/3-big-chinese- ... 00086.html
“Politicians are like diapers; they need to be changed often and for the same reason.” ― Mark Twain

"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." -- opening lines of 101 Things To Do 'Til The Revolution by Claire Wolfe
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Re: Fed clears China's first US bank takeover

Postby BlackOut » Thu May 10, 2012 5:44 am

Just what this country needs.
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Re: Fed clears China's first US bank takeover

Postby sparechange » Thu May 10, 2012 5:22 pm

China probably sees more US gov't tax dollar giveaways to the banks again so they want in line.
Always drink upstream from politicians, they tend to foul things up.
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Re: Fed clears China's first US bank takeover

Postby fb101 » Thu May 10, 2012 6:28 pm

I think it's time to start learning mandarin.
We need to stop selling our country to the rest of the world.
Switch to the ADR system like everyone else.
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