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Federal Reserve Approves First Chinese Bank Takeover of U.S. Bank

"The United States opened its banking market to China's biggest bank ICBC, for the first time clearing a takeover of a US bank by a Chinese state-controlled company.

Just days after high-level US-China economic talks in Beijing, the Federal Reserve approved an application from Industrial and Commercial Bank of China to buy a majority stake in the US subsidiary of Bank of East Asia.

The transaction will make ICBC the first Chinese state-controlled bank to acquire retail bank branches in the United States."

Read more:

http://www.rnw.nl/english/bulletin/fed-clears-chinas-first-u...

This link which I thought deserved its own post is from this DP comment:

http://www.dailypaul.com/232654/facebook-co-founder-renounce...



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The Bank maybe Chinese State owned..

but it is STILL Zionist controlled.

I am going credit union

all the way!!!!

Those who expect to reap the blessings of freedom must. like men, undergo the fatigue of supporting it.-Thomas Paine

The R3volution requires action, not observation!!!!