Federal Reserve Approves Chinese Takeover Of American Bank
Then we have this story on how the Fed is letting China, again, COMMUNIST CHINA purchase U.S. banks. Hmm.
The gradual take over of communist in this country is moving rather swiftly, is it not? Makes me feel warm and fuzzy to know at the same time the Dept. of Homeland Security (you know, Big Sis Napolitano), FEMA and the Dept. of Justice to name just a few are buying weaponry and bullets in record numbers...as if expecting....??? Civil War? There is a unofficial name for what is going on though, perhaps you have heard of it? It's called THE NEW WORLD ORDER, and it isn't something in the future. We are living in it today. - W.E.
WASHINGTON (AP) – The Federal Reserve has for the first time given approval for a large Chinese bank to purchase a U.S. bank. It also gave approval to two other large Chinese banks to expand their operations in the United States.
The Fed board announced Wednesday it was approving the application of the Industrial and Commerce Bank of China Limited, China’s largest bank, and two other Chinese firms to purchase The Bank of East Asia U.S.A., located in New York City.