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WN: Fed clears China's first US bank takeover - AFP


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The United States on Wednesday opened its banking market to ICBC, China's biggest bank, for the first time clearing a takeover of a US bank by a Chinese state-controlled company.

http://www.worthynews.com/top/ca-news-yahoo-com-3-big-chinese-banks-enter-us-banking-market-185200086-html/

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.... and that bank is backed up with a bit over two trillion dollars worth of assessets, which might make it the only safe place in the country to store your money..... ten thousand dollars might only buy you two loaves of bread if/when the economy falters, but at least you'd still have it. It's really no worse than doing business with any other Rothschild controlled bank.

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