1 vote

Senate Hearing on Smithfield Deal with China is a Scam

The Senate came together yesterday to put on its latest dog and pony show – a hearing on the $4.7 billion Smithfield (NYSE:SFD) deal with China's Shuanghui.

If you're unfamiliar with this one, back in May it was announced that Shuanghui International Holdings was going to buy Smithfield Foods because it wanted to adopt the highly-efficient factory farm model that Smithfield has perfected. And the best way to do that was to acquire one of the best in the business.

Since that announcement, many have expressed fear that such a deal would lead to lower food quality while gutting safety standards. After all, China doesn't really have a stellar record of such things. And now, both republicans and democrats are taking up the cause in an effort to placate voters and ensure that the Chinese don't skimp on U.S. regulatory standards. But it's that part that is uncomfortably laughable. Here's why: http://www.outsiderclub.com/smithfield-nysesfd-china-deal-at...



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

The other angle on this deal is that the *chinese company*

is really a multinational holding company, brokered by Goldman Sachs. A complex and brilliant way they help the multinationals move money around and avoid taxes. Google Rotary Vortex and Shuanghui Group.

RP R3VOLution