Fed approves Chinese bank purchase of U.S. bank

China now owns a US Bank. In addition to having the normal banking functions, China will also now have the ability to purchase mortgages and other US securities and interest. Little by little, we are giving our country away.

http://www.usatoday.com/money/industries/banking/story/2012-05-09/chinese-banks-invest-in-us/54858016/1

One thought on “Fed approves Chinese bank purchase of U.S. bank

  1. Troublesome times indeed Sonja. I do believe the Lord is drawing us believers into ever more trust in him. The institutions we thought were so strong and powerful are proving to be nothing more than idols, crumbling right before our eyes. In the end, we will have only the Lord to trust– which is what he wanted all along. Thank you for pointing out this bank purchase. I was not aware. God bless you!

    Liked by 1 person

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