View Full Version : Maybe the answer to the great Doug Wead/Stossel mystery can be found....
wgadget
05-09-2012, 04:47 PM
...at the top of Drudge. OMG.
AmericasLastHope
05-09-2012, 04:51 PM
...at the top of Drudge. OMG.
China is taking over a US Bank?
ronpaulfollower999
05-09-2012, 04:53 PM
China is taking over a US Bank?
Just the beginning I'm sure. But I don't know why this would be the big Wead/Stossel mystery? Honestly, I kinda think this is all misunderstood hype.
wgadget
05-09-2012, 04:53 PM
With the Fed's blessing. I guess we shouldn't be surprised. But maybe peeps will start thinking that maybe Ron Paul is right and we SHOULD end the Fed. And Romney is a bankers dream.
kathy88
05-09-2012, 05:50 PM
Here it comes.
carterm
05-09-2012, 05:51 PM
WTF IS GOING ONNNN
Elwar
05-09-2012, 05:54 PM
Texas is seceding and Ron Paul is running to become its new president.
bluesc
05-09-2012, 05:54 PM
I don't see the problem.
This is nothing to do with any financial war with China, guys. Put the Mitt Romney/Pat Buchanan books down.
wgadget
05-09-2012, 05:56 PM
Huh? How can the Fed allowing China to take over US banks be a good thing? They will be buying more than banks before you know it. I was WONDERING why Hillary and Geithner were over there last week.
bluesc
05-09-2012, 05:58 PM
Huh? How can the Fed allowing China to take over US banks be a good thing? They will be buying more than banks before you know it. I was WONDERING why Hillary and Geithner were over there last week.
Would you oppose Chinese control over McDonald's too?
DanK22
05-09-2012, 06:03 PM
Question answered.
My speculation... legal action against RNC & Romney for violating rule 11!
wgadget
05-09-2012, 06:09 PM
Would you oppose Chinese control over McDonald's too?
I would. CHINA taking over our banks and businesses is not a good thing. It is not a free market when governments own everything. Not much different than what we already have. The Chinese are Communists, though. What's weird is that Bloomberg Business Radio hasnt said a word about it.
kill the banks
05-09-2012, 06:12 PM
Question answered.
My speculation... legal action against RNC & Romney for violating rule 11!
I hope somebody goes after the bugger geez
bluesc
05-09-2012, 06:20 PM
I would. CHINA taking over our banks and businesses is not a good thing. It is not a free market when governments own everything. Not much different than what we already have. The Chinese are Communists, though. What's weird is that Bloomberg Business Radio hasnt said a word about it.
The same banking regulations will apply to this bank. Just as the same food hygiene regulations would apply to McDonald's.
This is a small, commercial bank. Chinese ownership will not be crashing any markets. They aren't in it to crash the bank. They are interested in profits. This acquisition is insignificant in the grand scheme of things.
Many other state-owned banks have been operating in the US for years. Where was the outrage then? China isn't a big scary monster.
That said, I still oppose state owned banks taking over other banks, but it's not big scary news, it's just a continuation of the same system that has been in place for centuries.
tsai3904
05-09-2012, 06:25 PM
State owned companies usually do not have profits as their top priority.
Dutch
05-09-2012, 06:32 PM
My speculation... legal action against RNC & Romney for violating rule 11!
This sounds very plausible to me, actually.
I guess I'll stay up a little longer for it (2:30 AM here :-))
bluesc
05-09-2012, 06:32 PM
State owned companies usually do not have profits as their top priority.
I'm from the UK, you don't have to tell me that.
The large Chinese state-owned bank that just purchased the small retail bank is the most profitable bank in the world. They are successful at pulling in profits.
Jingles
05-09-2012, 06:35 PM
Link...?
bluesc
05-09-2012, 06:37 PM
Link...?
http://ca.news.yahoo.com/3-big-chinese-banks-enter-us-banking-market-185200086.html
kathy88
05-09-2012, 06:40 PM
Why is this thread two stars? That's harsh.
TrishW
05-09-2012, 08:02 PM
Huh? How can the Fed allowing China to take over US banks be a good thing? They will be buying more than banks before you know it. I was WONDERING why Hillary and Geithner were over there last week.
How could it be a good thing? Think about it... next time China can bail them out. :D
tbone717
05-09-2012, 08:05 PM
The same banking regulations will apply to this bank. Just as the same food hygiene regulations would apply to McDonald's.
This is a small, commercial bank. Chinese ownership will not be crashing any markets. They aren't in it to crash the bank. They are interested in profits. This acquisition is insignificant in the grand scheme of things.
Many other state-owned banks have been operating in the US for years. Where was the outrage then? China isn't a big scary monster.
That said, I still oppose state owned banks taking over other banks, but it's not big scary news, it's just a continuation of the same system that has been in place for centuries.
I'm with you on this. This does remind me of in the 80's when we feared that Japan was going to own everything over here.
wgadget
05-09-2012, 08:06 PM
Why is this thread two stars? That's harsh.
I guess somebody thought it was a bad thread? Btw, anyone know what the hoopla was all about yet?
J_White
05-09-2012, 09:19 PM
i second that ! people were reading too much into those comments.
But I don't know why this would be the big Wead/Stossel mystery? Honestly, I kinda think this is all misunderstood hype.
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