For a mere $40,000 you can have dinner tonight at George Clooney’s house along with the president and a roomful of ultra-rich and famous Hollywood types. Of course, this kind of gathering for mega-rich folks is OK, it’s just a somewhat normal social gathering for the “in crowd.” But if Romney was involved in a similar event it would be labeled a despicable display of wealth by a bunch of one-percenter elites. So much for unbiased reporting.
In the meantime, the mainstream media didn’t bother to report the continued selling out of our country to the Chinese. China’s largest bank, the Industrial and Commerce Bank of China LTD, has been given the green light by the Federal Reserve to purchase the Bank of East Asia U.S.A., located in New York City. They also approved an application by the Bank of China LTD, to open a branch in (what a surprise!) Chicago, and also approved a concurrent application by the Agricultural Bank of China LTD, to establish a branch in New York City.
The deal cut by the Fed gave the Industrial and Commerce Bank along with its two partners approval to acquire up to 80 percent of The Bank of East Asia U.S.A. This bank has 13 branches in New York and California and deposits of approximately $621 million.
My grandfather must be laughing in his grave. He was financially burned during the Great Depression when the U.S. banks had their meltdown and depositors lost it all. From that point forward he never trusted a bank again and literally buried his money in Folgers coffee cans in his yard. He kept a detailed map of the exact locations of his numbered cans and never lost another cent for decades. He wasn’t alone as most of his friends and other business owners opted out of doing business with banks for years, and even then it was with guarded reluctance and constant vigilance. Is your bank secretly cutting a deal with the Chinese?
