Fed clears China's first US bank takeover

[Don H]

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]

Let the games begin.

[syntaxerrorsix]

Let the games begin.


Just getting ready to post this.

It begins.

[Cavalry Doc]

Hang on, it's gonna be a wild ride.

[Glocksanity]

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]

"The Capitalists will sell us the rope with which we will hang them.” - Vladimir Lenin

[The Machinist]

I'm sure which ever Marx brother wins the presidency this year will look out for our best interests.

[Cavalry Doc]

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]

Another nail in the coffin.'08.

[Gary W Trott]

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]

Neither of those entities have most of our national debt under their control.'08.

[Atomic Punk]

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]

"The Capitalists will sell us the rope with which we will hang them.” - Vladimir Lenin

I have to remember this.