Fed clears China's first US bank takeover [Archive] - Glock Talk

PDA

View Full Version : Fed clears China's first US bank takeover


Don H
05-09-2012, 16:35
Fed clears China's first US bank takeover

The United States on Wednesday opened its banking market to ICBC, China's biggest bank, for the first time clearing a takeover of a US bank by a Chinese state-controlled company.

http://ca.news.yahoo.com/3-big-chinese-banks-enter-us-banking-market-185200086.html

itstime
05-09-2012, 16:46
Let the games begin.

syntaxerrorsix
05-09-2012, 17:48
Let the games begin.


Just getting ready to post this.

It begins.

Cavalry Doc
05-09-2012, 17:59
Hang on, it's gonna be a wild ride.

Glocksanity
05-09-2012, 19:51
Since most of the too big to fails are technically insolvent and bankrupt, this is no surprise. Just another way to keep the ponzi scheme going just like giving China WTO status in 2000 so they could buy US Treasuries to prop up our dollar.

Flying-Dutchman
05-10-2012, 06:11
"The Capitalists will sell us the rope with which we will hang them. - Vladimir Lenin

The Machinist
05-10-2012, 06:16
I'm sure which ever Marx brother wins the presidency this year will look out for our best interests.

Cavalry Doc
05-10-2012, 06:28
I'm sure which ever Marx brother wins the presidency this year will look out for our best interests.

You're starting to sound like a one note symphony. Talking up your guy's a losing battle, so you talk down rveryone else.

We are all allowed a minuscule amount of power to decide who gets elected. That's not fun when you picked a team likely to lose, but somebody has to win.

kirgi08
05-10-2012, 08:06
Another nail in the coffin.'08.

Gary W Trott
05-10-2012, 08:19
We've had Santander (Spain) and Royal Bank of Scotland (UK) taking over banks here for years and maybe others so I really don't see any new news with Red China becoming involved with purchases. Am I happy about it...no...but it's not something that doesn't already exist.

kirgi08
05-10-2012, 10:25
Neither of those entities have most of our national debt under their control.'08.

Atomic Punk
05-10-2012, 11:00
Neither of those entities have most of our national debt under their control.'08.

no, but they have a lot of it. and it seems to be growing. this would seem to be a worrying event.

itstime
05-10-2012, 11:21
"The Capitalists will sell us the rope with which we will hang them. - Vladimir Lenin

I have to remember this.