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US Officials: China Refuses to Help Stop Investment Scams
ABC News | 1/9/13 | Matthew Mosk & Brian Ross

Posted on 01/09/2013 6:55:17 PM PST by Nachum

The Chinese government snubbed a U.S. request for help in cracking down on a string of alleged investment frauds that have cost Americans billions, outgoing Securities and Exchange Commission Chairman Mary Schapiro told ABC News. The lack of cooperation has stymied efforts to recoup investor losses, she said, in one of the largest sprees of alleged financial crimes in recent memory -- one that has gone largely unnoticed by most Americans. "The consequence is it´s very much more difficult for us to prove our cases," Schapiro said in one of her final interviews before leaving the post,


TOPICS: News/Current Events
KEYWORDS: china; investment; scams; vanity

1 posted on 01/09/2013 6:55:24 PM PST by Nachum
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To: Nachum

Its what happens when your president bows to their president.


2 posted on 01/09/2013 6:59:36 PM PST by skeeter
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To: Nachum

Where’s the link?


3 posted on 01/09/2013 7:02:57 PM PST by A.A. Cunningham (Barry Soetoro can't pass E-verify)
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To: A.A. Cunningham

http://abcnews.go.com/Blotter/us-investors-lose-billions-alleged-chinese-stock-schemes/story?id=18164787


4 posted on 01/09/2013 7:22:33 PM PST by Nachum (Back on the Google blacklist- www.nachumlist.com)
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To: Nachum

Wake up people.

This sort of thing will get progressively worse, as things go on.

We need to build America up. Bring back jobs, and support ourselves.


5 posted on 01/09/2013 7:28:09 PM PST by Cringing Negativism Network
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To: Nachum; All

Wonder how the Free Trade Communists, who blindly and foolishly support Free Trade with Communist China, are going to spin this....

Stupid people supporting Communist China...of course they are going to do this


6 posted on 01/09/2013 7:46:20 PM PST by SeminoleCounty (Fiscal Conservatives are Neither)
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To: SeminoleCounty

In the chinese community it is considered ok to break any law as long as you can get away with it. Quoting my chinese-american friends.


7 posted on 01/09/2013 8:10:37 PM PST by DIRTYSECRET
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To: DIRTYSECRET

It’s a market. People participate in a market based on information. Information suggests the Chinese equities should be approached with caution and careful due diligence. Dog bites man.


8 posted on 01/09/2013 10:57:07 PM PST by Wally_Kalbacken
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To: DIRTYSECRET

It’s a market. People participate in a market based on information. Information suggests the Chinese equities should be approached with caution and careful due diligence. Dog bites man.


9 posted on 01/09/2013 10:57:16 PM PST by Wally_Kalbacken
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To: Nachum
US Officials: China Refuses to Help Stop Investment Scams

Chinese to obama : "And you are going to pay us back how?"

10 posted on 01/10/2013 4:12:59 AM PST by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: Nachum

China is at war with the US. They have successfully used mercantilist trade policies, and the naiveté of the free traders in the US, to deindustrialize this country. They support Iran. They facilitate North Korea’s aggression which will likely result in the execution of an EMP attack on the USA at a future date. They are engaging in a massive military buildup despite no perceivable threat. They daily engage in cyber attacks on the US military, US government, and private industry. They manipulate their currency and subsidize exports to make US made products economically unattractive within the USA. They steal intellectual property with impunity. They employ spies throughout the country to steal military secrets and industrial knowhow.

This has been going on for 25 years with zero response from the US. It is time to enact an across the board 50% tariff on imports of Chinese goods in retaliation.


11 posted on 01/10/2013 5:29:25 AM PST by Soul of the South
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