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Title: China's banking advantage - the U.S. should build some firewalls too Post by: WhiskeyGirl on June 08, 2009, 07:55:06 PM Quote SHANGHAI, June 7 (Reuters) - Financier George Soros said on Sunday that China's global influence is set to grow faster than most people expect, with its isolation from the global financial system and a heavy state role in banking aiding a relatively swift economic recovery. He reiterated his cautious views regarding the surge in global stock markets, although he said it may have further to go given liquidity in the markets and that many investors are still sitting on the sidelines. "In many ways, Chinese banking has benefited from being isolated from the rest of the world and is in better shape than the international banking system," he told an audience at Shanghai's Fudan University. read more here - http://www.reuters.com/article/BANKSL/idUSL769860420090607 (http://www.reuters.com/article/BANKSL/idUSL769860420090607) In the U.S. the government wants to integrate with the rest of the world...what's wrong with this picture? Build some firewalls, isolate, make the financial system safe for ALL Americans, not rich global corporations, banks, and others with ties to the Federal Reserve, Treasury, and Congress. my opinions. |