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UPDATE 1-China, US eye pact to help troubled banks -sources
Reuters ^
| Tue Nov 17, 2009 4:18am EST
| George Chen
Posted on 11/17/2009 6:58:08 AM PST by bsf2009
HONG KONG, Nov 17 (Reuters) - Chinese and U.S. regulators are negotiating a pact aimed at encouraging Chinese financial institutions to buy into small and medium-sized banks in the United States, bankers briefed on the plan said on Tuesday.
(Excerpt) Read more at reuters.com ...
TOPICS: Business/Economy; Foreign Affairs; Front Page News; Government
KEYWORDS: banks; china; economy
1
posted on
11/17/2009 6:58:09 AM PST
by
bsf2009
To: bsf2009
To: bsf2009
I suspect that those purchases will be through a forest of holding companies so that the depositors won't see that their local bank is now owned by the People's Liberation Army.
Obamao!
3
posted on
11/17/2009 7:03:51 AM PST
by
KarlInOhio
(Obamalaise - the new mood for America.)
To: bsf2009
encouraging Chinese financial institutions to buy into small and medium-sized banks in the United States, bankers briefed on the plan said on Tuesday. Don't pay your loan , you get a 9 behind the ear.
4
posted on
11/17/2009 7:10:49 AM PST
by
org.whodat
(Vote: Chuck De Vore in 2012.)
To: bsf2009
Imagine the industrial spying this would facilitate.
5
posted on
11/17/2009 7:11:21 AM PST
by
aimhigh
To: bsf2009
Another day, another outrage . . . this guy is really bad for my health.
6
posted on
11/17/2009 7:12:20 AM PST
by
Think free or die
(The problem with socialism is that you eventually run out of other people's money - M.Thatcher)
To: calico_thompson
Hope to announce deal during Obama’s visit to China - paper
“Now they’re going to make this into an agreement to show there’s a CHANGE in official attitude towards Chinese investments in the U.S. banking system,” said the banker, who declined to be identified due to the sensitive nature of the matter.
Hope and Change as China buys small and medium U.S. banks.
Wow.
7
posted on
11/17/2009 7:13:54 AM PST
by
Freddd
(CNN is not credible.)
To: bsf2009
Why is Zero spending so much “private” time in China? What the H is going on behind the scene?
8
posted on
11/17/2009 7:17:35 AM PST
by
Marty62
(former Marty60)
To: org.whodat
Don't pay your loan , you get a 9 behind the ear. I'm a little concerned about Section 27 of my loan document stating that my liver, kidneys and heart are considered collateral for the loan.
9
posted on
11/17/2009 7:56:22 AM PST
by
KarlInOhio
(Obamalaise - the new mood for America.)
To: bsf2009
Just what I wanted to see when I go for a loan to expand my business: A gimlet-eyed Chinese banker who first loyalty is to the Chinese economy that my business might hurt.
What are they thinking?
10
posted on
11/17/2009 8:14:27 AM PST
by
wildbill
(You're just jealous because the Voices talk only to me.)
To: bsf2009
For 150+ years, we were a colony of Great Britain. Now, we are about to become an economic colony of China. Keep shoppin’ at WalMart, folks.. Buy that cheap plastic junk and send them dollars to Peking!
11
posted on
11/17/2009 8:50:34 AM PST
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: FromLori; perchprism; LomanBill; JDoutrider
12
posted on
11/17/2009 12:50:32 PM PST
by
FromLori
(FromLori)
To: bsf2009
13
posted on
11/17/2009 12:51:49 PM PST
by
dfwgator
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