- #1
edward
- 62
- 166
I was reading an article in this mornings paper about the China-Unocal purchase. It at first appeared that a little known Government department known as the: Committee on Foreign Investment in The united States, would nix the deal. But as I read on I was dismayed to see the paragraph below.
"The Treasury Department is responsible for funding the U.S. budget deficit, and it relies on China to purchase billions of dollars in U.S. debt each year. This makes it reluctant to risk alienating China by blocking a government-backed takeover bid, these critics contend."
http://www.chicagotribune.com/services/site/premium/access-registered.intercept
Has it really come to this. "Say it isn't so Joe"
"The Treasury Department is responsible for funding the U.S. budget deficit, and it relies on China to purchase billions of dollars in U.S. debt each year. This makes it reluctant to risk alienating China by blocking a government-backed takeover bid, these critics contend."
http://www.chicagotribune.com/services/site/premium/access-registered.intercept
Has it really come to this. "Say it isn't so Joe"
Last edited by a moderator: