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Federal Reserve will now allow Chinese ownership of U.S. banks

http://www.businessweek.com

A Federal Reserve decision to let Chinese banks acquire U.S. lenders was challenged by Senator Bob Casey, who said it could open the way for Chinese government-run institutions to undercut U.S. banks.

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awagele's picture
Created by awagele 1 year 48 weeks ago – Made popular 1 year 48 weeks ago
Category: Economics   Tags:

Bob Casey is a statist, not a

snowdog2012 1 year 48 weeks 13 hours 21 min ago

Bob Casey is a statist, not a friend of liberty.

Chinese banks have the right to free trade. Real Americans are not afraid of foreign competition from any country.

Reining in the Fed is another issue that Ron Paul is addressing.

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