http://www.cnbc.com/id/47360297/Fed_...o_Buy_US_Banks
Not thinking I like this continuing trend on the selling off of America.
Not thinking I like this continuing trend on the selling off of America.
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so it begins then ???????????????????????????The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de TocquevilleOriginally posted by Fusion
The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken
Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
William Pitt- -
"Uh oh" is all that comes to mind.Comment
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The bank in question being purchased, The Bank of East Asia. Shocking that a Chinese corporation is interested in a business who is an offshoot of a Chinese bank!
Tin foil hat.....ENGAAAAAAAAAAAAGE.Comment
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As for the impact on the U.S. banking industry, Cohen said he “doesn’t expect to see a wave of acquisitions by Chinese banks.” Cohen said it is more likely Chinese banks will expand their U.S footprints by modest acquisitions of with under $2 billion in assets in metropolitian areas where there are large Chinese communities.
Cannon concurred, noting the entry of Chinese participants is an “incremental positive” for mergers and acquisitions activity in the small to mid-sized bank space. Cannon expects Chinese banks to focus on buying U.S banks that can enhance trade between the two countries, adding we are still a “long way” from a Chinese bank buying a large American bank.
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foreign owned banks have been here for years. I'm no fan of China, but really not a big deal.“There is nothing government can give you that it hasn’t taken from you in the first place”
Sir Winston ChurchillComment
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Did you know how many of American graduate students, compare to foreign (Chinese) graduate students ( master's science degrees and Ph.D. science degrees) are studying here is the U.S ?Comment
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oh god.....All just means to an end.Comment
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omg op, did you know the US has a Chinese minority population too?? Should we start preparing for war since they have breached our shores???
get over it you fear monger. they're doing business with defined banking rules set by the U S of A just like every Chinese minority is living by rule of law set by the very same U S of ALast edited by bmwstephen; 05-16-2012, 11:40 AM.Comment
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It's quite amusing how quick people are to jump on the bandwagon and spit catch phrases Or refer to issues the media told them was incoming they've been fed by the news about a topic they've only recently become aware of yet has been going on for years. Fear is great, and lots of people (in this thread too) eat it right up.Comment
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Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents. Charity is no part of the legislative duty of the [federal] government." ~ James Madison
"If you've got a business, you didn't build that. Somebody else made that happen" Barack ObamaComment
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