Chinese taking over some US bank branches

[SassyLady]

Boy! Did this slip under the radar, or what?

Lawmakers stay largely silent over Chinese takeover of US bank branches


By Julian Pecquet - 05/13/12 05:50 AM ET
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.




Scott Talbott, the head lobbyist for the Financial Services Roundtable, said that's unsurprising. The U.S. wants China to open up its financial services market – foreign ownership of Chinese banks is limited to 25 percent – and allowing a Chinese presence in the U.S. is seen as a necessary trade-off.“What this boils down to is that there are a ton more potential customers in China for U.S. banks than there are potential customers for the Chinese here,” Talbott said. “So in the long run, the approval is going to benefit the U.S.”

http://thehill.com/blogs/global-affa...-bank-branches

[fj1200]

There is plenty of foreign ownership of US banks. Why should the Chinese be different?

[SassyLady]

There is plenty of foreign ownership of US banks. Why should the Chinese be different?

Just wondering what we will receive in return.

[logroller]

Just wondering what we will receive in return.

Continued financing of our ever-growing public debt.

[fj1200]

Just wondering what we will receive in return.

Sometimes the best country in the world just needs to lead. We don't need another story like that ridiculous Dubai ports deal from a few years back.

[Wind Song]

I've heard that about five corporations own all the Western countries in the world. I'm waiting to get this DVD that is being circulated among my friends. I'll let you know more as I learn more.

[fj1200]

^And this video is nowhere on the internet?

[jimnyc]

I don't know which one, but as I recall there is a foreign entity that owns a highway in Pennsylvania. Or maybe it fell through. Similar to what FJ stated about the ports. I guess everything is for sale - for a price!

[jimnyc]

^And this video is nowhere on the internet?

Or maybe a link somewhere showing that in fact the DVD is legit? I call baloney on this too... No that WS is lying, but someone is lying or deceiving her.

[Wind Song]

^And this video is nowhere on the internet?

I go to Feldenkrais class once a week on Thursdays. The DVD is being circulated among class members. I don't recall the name of it at this moment.

[Wind Song]

Or maybe a link somewhere showing that in fact the DVD is legit? I call baloney on this too... No that WS is lying, but someone is lying or deceiving her.

Fuck you Jim. No one is lying to me. Let me see for myself and I'll get back to you. Consider whether you really think this Presidential election will mean anything for our country. Big money, big corporate money elects Presidents.

IMO, the Presidents are OWNED.

[fj1200]

Or maybe a link somewhere showing that in fact the DVD is legit? I call baloney on this too... No that WS is lying, but someone is lying or deceiving her.

She hasn't seen the DVD yet, just that it's out there. Don't go all rev on her yet.

[jimnyc]

Fuck you Jim. No one is lying to me. Let me see for myself and I'll get back to you.

Why the language? Let this serve as an example as to where liberals have issues. What you said simply isn't true, even though you believe there is a DVD out there stating otherwise. If it were true, it would be MORE than easily found and proven on the 'net.

Thanks for AGAIN proving your points are way off base about how conservatives here treat liberals. You AGAIN proved that we are reasonable and post facts, and liberals are very emotional and almost always start the trouble that they receive.

[tailfins]

I've heard that about five corporations own all the Western countries in the world. I'm waiting to get this DVD that is being circulated among my friends. I'll let you know more as I learn more.

After you get the DVD, I predict an abundant supply of Ron Paul for President mailers will find their way to your mailbox.

[Noir]

After the 'there are no nations only corporations' speech in 'Network' I don't know what to make of these kinda deals or their resultant ramifications which may be decades away.