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POPSWhat will cause the next US financial crisis! Repos and not subprime mortgages caused the present financial crisis. The top three banks in the world by market capitalization are now; 1) Industrial and Commercial Bank of China 2) China Construction Bank 3) Bank of China Citibank and Bank of America are not even on the list of the top twenty.
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POPSChina Seeks Safeguards on US Investments To think the ChiComs understand our economy better than OBAMA and his ilk do. They are worried that Obama's plans is going to deflate the US Currency and cause an inflation which adversely effect their US holdings. Hey Obama do you suppose you could FORCE CHINA to rewrite the US LOANS like you are doing for delinquent mortgage holders?
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POPSBofA CCB Stake Sale Scuttled By China Rule Not that that law exists by accident. It is intended to stop foreign investors in strategic Chinese industries selling key stakes. Next year, the lockups on two other Chinese banks expire, too.
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