Author Topic: China comes to US banking  (Read 1361 times)


  • Guest
China comes to US banking
« on: May 09, 2012, 09:53:59 PM »

 Apparently, the  Fed has cleared a takeover deal  that will see a Chinese government owned bank  buying an 8 0  % stake in a bank operated in the US.

I am not much given to conspiracy  theories and I don't quite know what to think of this event, but my gut tells me that no good can come of it.

Offline Mr. Bill

  • Like a hot cocoa mojito
  • Administrator
  • Ultimate Survival Veteran
  • *******
  • Posts: 15033
  • Karma: 1871
  • Trained Attack Sheepdog/Troll hunter
    • Website Maintenance and Online Presence Management by Mr. Bill
Re: China comes to US banking
« Reply #1 on: May 10, 2012, 10:57:15 AM »
Interesting.  Inevitable, I suppose.  China is too huge to not start doing stuff like this.

My cynical side wonders if a Chinese government-owned bank is worse than a US bank-owned government. :tinfoily:

Offline cmxterra

  • Dedicated Contributor
  • ******
  • Posts: 1579
  • Karma: 90
  • Bugging out in style.
Re: China comes to US banking
« Reply #2 on: May 10, 2012, 11:21:24 AM »
And all this happened while people were making a flap about Ă˜bama endorsing gay marriage. Diversion or tinfoil. You decide.


  • Guest
Re: China comes to US banking
« Reply #3 on: May 11, 2012, 11:41:20 AM »
You have a point, Mr. Bill.  Also to be fair, the bank they are taking over is the Hong  Kong based Bank of East Asia.  I can't rightly remember, but isn't Hong Kong some sort of autonomous region of China like Taiwan?