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Lawmakers stay largely silent over Chinese takeover of US bank branches
TheHill.com ^
| 13 May 12
| Julian Pecquet
Posted on 05/14/2012 10:36:28 AM PDT by seanmerc
U.S. lawmakers have been unusually silent about federal regulators' decision to allow a Chinese bank to take over 13 bank branches in New York and California, suggesting that they think American banks have much to gain.
Members of both parties usually relish the chance to bash China on everything from government subsidies to the yuan's exchange rate. Yet Wednesday's decision by the Federal Reserve to certify a Chinese bank acquisition for the first time was met by near-universal silence.
TOPICS: Constitution/Conservatism; Foreign Affairs; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: arewenuts; chicoms; china; chinesecommunists; congress; corruption; obama
Am I the only one that thinks this is a HUGE mistake and that we are being sold down the river yet again?
1
posted on
05/14/2012 10:36:38 AM PDT
by
seanmerc
To: seanmerc
Obie is going to carve up America like a “Thanks Giving Turkey”.
2
posted on
05/14/2012 10:40:32 AM PDT
by
Falcon4.0
To: seanmerc
Will the banks still be under the protection of the FDIC?
3
posted on
05/14/2012 10:42:02 AM PDT
by
raisincane
(I'm an optimist...I think most people are half full of crap - Maxine)
To: seanmerc
4
posted on
05/14/2012 10:49:37 AM PDT
by
texson66
(In the words of Kent Brockman, "As for myself, I welcome our new commie overlords...")
To: seanmerc
5
posted on
05/14/2012 10:49:47 AM PDT
by
kosciusko51
(Enough of "Who is John Galt?" Who is Patrick Henry?)
To: seanmerc
i believe these are us branches of the Chinese bank in question
6
posted on
05/14/2012 11:15:00 AM PDT
by
markman46
(engage brain before using keyboard!!!)
To: seanmerc
7
posted on
05/14/2012 11:16:00 AM PDT
by
donozark
(I survived the Battle of Kimchi Ridge. The gas! The GAS! It was horrible!)
To: seanmerc
here is the info
Wednesday's decision allows Industrial & Commercial Bank of China, which is 70 percent owned by the Chinese government, to take an 80 percent stake in a Hong Kong-based bank with 13 branches in the U.S. The Fed also allowed two other Chinese banks to open branches in New York and Chicag
8
posted on
05/14/2012 11:17:05 AM PDT
by
markman46
(engage brain before using keyboard!!!)
To: donozark
“Forget it, Jake, it’s Chinatown.”
9
posted on
05/14/2012 11:17:05 AM PDT
by
dfwgator
(Don't wake up in a roadside ditch. Get rid of Romney.)
To: seanmerc
10
posted on
05/14/2012 12:10:23 PM PDT
by
donna
(The fruits of Feminism: Angry fathers, bitter mothers, fat kids and political correctness.)
To: seanmerc
I’m still upset a Japanese company bought 7-11!
To: seanmerc
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