We Own You
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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.
Just days after high-level US-China economic talks in Beijing, the Federal Reserve approved an application from Industrial and Commercial Bank of China to buy a majority stake in the US subsidiary of Bank of East Asia.
The transaction will make ICBC the first Chinese state-controlled bank to acquire retail bank branches in the United States.
ICBC has been the most aggressive of China's "big four" banks in expanding overseas.
According to the Fed the bank has total assets of roughly $2.5 trillion.
It will buy up to 80 percent of the US unit of the Hong Kong-based Bank of East Asia, which operates 13 branches in New York and California.
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This is a slap in the face to the hundreds of thousands of US soldiers who fought bravely in Vietnam and Korean wars against the communist red army.
The Fed reserve has clearly allowed three communist state controlled Chinese banks to enter the US market.
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This is a slap in the face to the hundreds of thousands of US soldiers who fought bravely in Vietnam and Korean wars against the communist red army.
The Fed reserve has clearly allowed three communist state controlled Chinese banks to enter the US market.
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So I take it some of you hate everyone but white conservative Christians then...
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So I take it some of you hate everyone but white conservative Christians then...
Don't you have classes to go to or something?
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So I take it some of you hate everyone but white conservative Christians then...
Don't you have classes to go to or something?
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Michigan let put at the end of April. I am in a down period between school and my engineering internship starting
Going to be an intern. Does that mean you're a senior or a junior or post grad?
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Michigan let put at the end of April. I am in a down period between school and my engineering internship starting
Going to be an intern. Does that mean you're a senior or a junior or post grad?
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Michigan let put at the end of April. I am in a down period between school and my engineering internship starting
Going to be an intern. Does that mean you're a senior or a junior or post grad?
Going to be an intern. Does that mean you're a senior or a junior or post grad?
I am going into my Jr year. I didn't intern last summer cuz I was getting some classes out of the way at tri c. Thanks to that I can either graduate early or, ideally, work this winter semester as well next summer.
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Going to be an intern. Does that mean you're a senior or a junior or post grad?
I am going into my Jr year. I didn't intern last summer cuz I was getting some classes out of the way at tri c. Thanks to that I can either graduate early or, ideally, work this winter semester as well next summer.
I am going into my Jr year. I didn't intern last summer cuz I was getting some classes out of the way at tri c. Thanks to that I can either graduate early or, ideally, work this winter semester as well next summer.
So I might turn to the dark side and be an engineer, myself. What kind of engineer are you?
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I am going into my Jr year. I didn't intern last summer cuz I was getting some classes out of the way at tri c. Thanks to that I can either graduate early or, ideally, work this winter semester as well next summer.
So I might turn to the dark side and be an engineer, myself. What kind of engineer are you?
So I might turn to the dark side and be an engineer, myself. What kind of engineer are you?
You could be a chemical engineer! I mean, you already know that farts are a sulfur methane compound.
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I am going into my Jr year. I didn't intern last summer cuz I was getting some classes out of the way at tri c. Thanks to that I can either graduate early or, ideally, work this winter semester as well next summer.
So I might turn to the dark side and be an engineer, myself. What kind of engineer are you?
So I might turn to the dark side and be an engineer, myself. What kind of engineer are you?
So, you decided not to go to Medical School then? We need good doctors, especially Primary Care.
"You planning on having a long relationship with that glass or are you going to drink it? Drink up, man. Maybe we can get another.” - Janis Joplin, 1970. -
I am going into my Jr year. I didn't intern last summer cuz I was getting some classes out of the way at tri c. Thanks to that I can either graduate early or, ideally, work this winter semester as well next summer.
So I might turn to the dark side and be an engineer, myself. What kind of engineer are you?
So I might turn to the dark side and be an engineer, myself. What kind of engineer are you?
Mechanical.
You could always go Biomedical Engineering. It has the most females too, maybe like 35% haha
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So I might turn to the dark side and be an engineer, myself. What kind of engineer are you?
Mechanical.
You could always go Biomedical Engineering. It has the most females too, maybe like 35% haha
Mechanical.
You could always go Biomedical Engineering. It has the most females too, maybe like 35% haha
What does a mechanical engineer do for a living?
I dated a ME student when I was at college, he was always writing papers about experiments with steel or some kind of metal.
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Good for US Banks to have more competition, esp one that has plenty of liquidity.
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Good for US Banks to have more competition, esp one that has plenty of liquidity.
Good for US Banks to have more competition, esp one that has plenty of liquidity.
Yea! Let's all run down to the bank of China and turn in our dollars for yuan! Does anybody expect Fanny Mae to force the bank of China to give silly home loans to people who can't even prove they have a job? Hell no!
Dollars used to make the world go 'round, I suppose they still do, I haven't checked in the last 10 minutes. Dollars run the International Monetary Fund, the World Bank, oil is calculated by the barrel in dollars, paid for in dollars; all of our foreign aid is in dollars, all foreign contractors are paid in dollars, the Federal Reserve prints dollars out of thin air, Al Sharpton owes millions of dollars in back taxes.
But wait - China is buying tons of oil from Iran in yuan. China and Russia have started doing business in yuan. OPEC is planning to come out with their own currency. Nobody knows how many dollars will equal a Petro Dollar yet but we will have to pay it because they'll have us over a barrel.
How's the dollar working out for us?
In 1913 if you purchased an item for $100 today that item would cost $2,317.09. That's a 2217.1% annual inflation rate.
Anybody here born during the Carter administration? A $100 item in 1979 would cost $315.97 today.
How about a college education? Let's say in 1989 a four year degree cost $65,000.00, today that same education would cost $120,245.81
what am I getting at?
Hell, I don't know either.
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$120,245 sounds like a bargain, lol, compared to out of state Michigan fees.
I also don't see why international currency is a bad thing. The US isn't gonna reign supreme forever. Things can be calculated in other currencies, who cares?
MEs can literally do any job almost any other engineering major could do. They are the most broad, but that means you might be less specialized for a certain field compared to a chemical engineer or something.
Engineers in general can almost do anything because of the fact they earned an engineering degree. I plan to go work in industry for a few years, maybe manufacturing (cuz that's northeast ohio) and then go back to school for an MBA. I hope to work my way more into the management and business aspect. Engineering + MBA is a deadly combo
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$120,245 sounds like a bargain, lol, compared to out of state Michigan fees.
I also don't see why international currency is a bad thing. The US isn't gonna reign supreme forever. Things can be calculated in other currencies, who cares?
MEs can literally do any job almost any other engineering major could do. They are the most broad, but that means you might be less specialized for a certain field compared to a chemical engineer or something.
Engineers in general can almost do anything because of the fact they earned an engineering degree. I plan to go work in industry for a few years, maybe manufacturing (cuz that's northeast ohio) and then go back to school for an MBA. I hope to work my way more into the management and business aspect. Engineering + MBA is a deadly combo
$120,245 sounds like a bargain, lol, compared to out of state Michigan fees.
I also don't see why international currency is a bad thing. The US isn't gonna reign supreme forever. Things can be calculated in other currencies, who cares?
MEs can literally do any job almost any other engineering major could do. They are the most broad, but that means you might be less specialized for a certain field compared to a chemical engineer or something.
Engineers in general can almost do anything because of the fact they earned an engineering degree. I plan to go work in industry for a few years, maybe manufacturing (cuz that's northeast ohio) and then go back to school for an MBA. I hope to work my way more into the management and business aspect. Engineering + MBA is a deadly combo
International currency isn't a bad thing as long as it's your currency that's used internationally. I think we have some economists on the board here that can splain it. Maybe I'm just completely nuts, you think?
I believe you're right, the USA isn't going to reign supreme forever. Say hello to your new Chinese overlords, they're here now, Prez let them buy a bank. See, we used to do it to them, now they're doing it to us.
Well, I didn't know what the real cost of a degree in 1989 was, but you can see that it doubled in only those few years to 2012.
So you'll be designing manufacturing machines for awhile and then you'll take over the company. Love it, go for it!
Ball park - how much does a U of M education cost if you're in-state?
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