So It Begins! Federal Reserve gave three state-owned Chinese banks Permission To Buy U.S. Banks!

The Fed also said it will allow the Bank of China, the third largest bank in China, to expand its U.S. operations to Chicago.. At the moment, the Bank of China operated two branches in New York and a limited branch in Los Angeles...

America goes around buying business's all over the world, setting up franchises and says globalisation is a good thing. And here people complain when the same thing happens on their shores.

Well it works both ways America!


Its survival of the fittest and America is out of shape to say the least haha

interesting. i believe they are doing the same thing in my city. it is a very wealthy beach and tourism town, and many oceanfront homes are being bought by chinese and saudis.

Heres a story. i learned from a janitor of a nearby apartment complex that one chinese doctor owns 10 apartments. each one looks made for 20 people. huge dining tables, another will have a lot of couches, beds, etc.

basically the doctor takes in very high level wealthy PREGNANT chinese women (probably wives to officials and businessmen in china) and has them live there till the baby is born, and they go home, giving the child both US and chinese citizenship.

wont be long till one of those kids is president

Not good. There is no way in hell I would keep my money in a communist owned bank.

This is why China bought our bonds for so long then stopped buying them at the perfect moment.





OP it will be more like the IMF then the fed.


Now this is the other half of the story and why china is staying out of Europe.




Dated May 9th [link to www.foxbusiness.com]

Article;China Construction Bank Corp. (0939.HK), one of China's biggest banks, is in talks to buy the South American assets of ailing German lender WestLB AG, in a deal that could cost between US$200 million and US$300 million, a person familiar with the situation said Wednesday.


CCB is looking to buy the assets to build up its presence in commercial banking in the continent, the person said. The move marks the latest effort by big Chinese banks to gain a foothold in the emerging Latin American market.


Snip to the bottom;The Washington-based research institute Inter-American Dialogue said in February that China's loan commitments to the region in 2010 hit $37 billion, more than those of the World Bank, U.S. Export-Import Bank and Inter-American Development Bank combined, with Venezuela, Brazil, Argentina and Ecuador being the largest recipients


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