CHINESE BEGIN TAKEOVER OF U.S. BANKS! FEDERAL RESERVE SELLS OUT TO COMMUNISTS
It seems like only yesterday we were spending trillions to keep those 'Godless Commies' from taking over the world. Now we have them taking over our own banks! Nikita Kruschev said, "When it comes time for us to hang you, you capitalists will sell us the rope," At the rate we're going, twenty years from now we'll be selling the New York Stock Exchange to Al-Qaeda!
The Federal Reserve on Wednesday opened its banking market to ICBC, China's biggest bank, for the first time ever clearing the takeover of a US bank by a Communist state-controlled company. ICBC will pay $140 million to buy an 80 percent interest in Bank of East Asia USA, China's state news agency Xinhua reported in January 2011, at the time the deal was signed. "This unprecedented acquisition of a controlling stake in a US commercial bank by a Chinese bank is strategically significant," said chairman Jiang Jianqing. In other Fed board decisions, Bank of China, the third-largest bank, won approval for a branch in Chicago. Bank of China operates two insured federal branches in New York City and an uninsured branch in Los Angeles. Agricultural Bank of China, the fourth-largest bank, was set to establish a branch in New York City, where it already operates a representative office.
Chairman Mao would be proud!
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