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161 Comments
- avasol, on 09/18/2008, -6/+70All Your Base Are Belong To Us
Signed, China. - S5S5S5, on 09/18/2008, -1/+61"Morgan Stanley is in talks to possibly be acquired by Chinese bank Citic, sources in the U.S. and China have told CNBC."
"Meanwhile, Washington Mutual has put itself up for auction, people briefed on the matter also told the Times. "
Wow, it's a fire sale. - Berkana, on 09/18/2008, -2/+48In the case of any future conflict with China, they won't have to fire a shot; they have colonized us economically. With our balls in their hands, all they have to do is squeeze a little, and we'll yield to their demands.
- jessehadden, on 09/18/2008, -2/+47So, like... all that talk about China suddenly starting to own everything in America... that's actually starting to happen now, huh? That's really freaky.
- sat0shi, on 09/18/2008, -1/+40The ***** keeps hitting the fan...
- inactive, on 09/18/2008, -4/+37I don't wanna learn Chinese. =/
- mbraynard, on 09/18/2008, -7/+36Good news. The more that China invests in the US, the more interest they have in the security, stability, and economic success of our nation.
- gmacnay, on 09/19/2008, -1/+24The decline of the American Empire, courtesy of George W. Bush and the Republicans
- Hangly, on 09/18/2008, -2/+25I think the Chinese will go for this. Not because it makes good financial sense (whether it does or not I have no idea,) but because of the prestige it would confer. The Chinese are all about the prestige.
- zephyear, on 09/18/2008, -0/+21well, i kinda wanted to learn japanese, but chinese it is then i guess
- RooDoG, on 09/18/2008, -0/+21Banks*
- inactive, on 09/18/2008, -4/+24What. The. *****.
- diggmadhu, on 09/18/2008, -11/+30This is what happens when we have a government that doesn't care for the people ... by the way was anyone lucky enough to see our president for the past few days while the whole economy is crashing and the lives of 100's of 1000 are becoming miserable .....
- cyberdork, on 09/18/2008, -1/+20You got it right. But do you also understand why?
It's because the US consumes twice as much as it produces. Thanks to Chinese or other foreign investments you can actually buy that huge ass TV and SUV on a cheap loan. - inactive, on 09/19/2008, -0/+15haha we're all gonna be working help desk tech support for China in twenty years, talking in broken Mandarin at below poverty wages
- Spartycus, on 09/19/2008, -2/+17Its surprising how many people miss this point. Peace is the ultimate result of an extremely intermingled global economy. Major wars are started my desperate nations that have nothing to lose. Take WWII for example. After the mess that was the Treaty of Versailles crippled the german economy after WWI, the german people were left starving and looking for anyone who would save them. They elected and later supported the monster that was Hitler because they felt ostracized by the world and that force was their last option for prosperity.
The more trade increases with China, the more prosperous both nations become. Thats the whole idea behind trading. Both parties exchange things they deem of value for something they deem more valuable. Its a win win, and as China becomes more prosperous and involved economically with the US, conflicts that threaten to end those ties become politically unfavorable. - GregIsLegend, on 09/18/2008, -0/+15It doesn't seem like that long ago that Stephan Colbert was joking about this.
- AhrenBa, on 09/18/2008, -0/+14Good lord....our country's economy is really going to *****...and I mean really.. Just look at all these HUGE companies that are getting bailed out or put up for sale.
- cyberdork, on 09/18/2008, -9/+23No, this is what happens when the 300 million citizens keep on living on credit. The large size of the current account deficit is due to the private sector, not the public sector.
From a macro economic viewpoint the US needs $2billion a day in foreign investments to cover it's trade deficit. So China's investment should even be welcomed by Americans... - sockpuppets, on 09/19/2008, -1/+15Confucius say cleaning company that merges with CIC will always be Maid in China.
- AgentMull, on 09/18/2008, -1/+13Well, The Daily Show called it.
- Kenzan, on 09/19/2008, -2/+14You get back work! Back to coal mine!
one dora per day is too good for you!
You work NOW!
You get off internet and stop to touch self with filthy fat hand!
You stop digging now you razy American!
Yeah...*that'll* be a blast. - humptyz, on 09/19/2008, -1/+13I can't believe this *****. Morgan Stanley in talks to be bought by a Chinese firm!!!
American prestige...see ya. Wow, the country under Bush's term sure is a lot better than before it...... - inactive, on 09/18/2008, -2/+13Starting? It's been happening since the Clinton years, at least.
- Scalpels, on 09/19/2008, -1/+11Why not? It'd make our transition to a Firefly 'verse that much easier.
- inactive, on 09/19/2008, -1/+11/*Note to self*/ Cancel Arabic class and enroll in Chinese class.
- Kenzan, on 09/19/2008, -0/+10You should have sent that note 10 years ago,
- WarPirate, on 09/19/2008, -2/+12I for one welcome our new Chinese overlords
- BESTenemy, on 09/19/2008, -1/+10 Lehman was negotiating with Korea but it fell through as it was worth zero. Morgan Stanley's worth is questionable. China's having trouble of their own, as indicated by recently lowered bank reserve requirement and first interest rate cut in 6 years. Got to complement Morgan for arranging talks ahead of time instead of waiting till their common stock slides below $5. If CITIC does lock in shares they'll likely wait till MS is more affordable. Unlike the Fed or the Treasury they have no intention of overpaying. They know US primary dealers are running out of ammo and there's hardly any competition when it comes to purchase of toxic assets. JP Morgan, Citigroup, Bank of America had all taken on debt through forced acquisitions last year. They're in no shape to help out.
My advise to China - stall for time. Morgan's stock is hardly worth half of what it is right now. - Smiley09, on 09/19/2008, -0/+8That's because Colbert jokes about current events.
- spiffza, on 09/19/2008, -2/+10The good part is that those stupid yanks will still go and vote for the Republicans and screw up their country further :-) yay !
- uriman, on 09/19/2008, -3/+11It's funny. American companies can invest in China, but not the other way around. THEN, people complain that so much investment money is going to China.
- inactive, on 09/19/2008, -0/+8Like. OMG!
- inactive, on 09/19/2008, -0/+7The same thing was said of Japan in the late 80's.
Be afraid of your government, only fear other peoples' when you're visiting overseas. - jasoninoakland, on 09/18/2008, -2/+9Good for China. Bad for Morgan Stanley investors for believing the management of that bank really gave a ***** about anything other than their exorbitant compensation and golden parachutes.
- CrispinUK, on 09/19/2008, -0/+7Soon to be known as Morgan Chan-Lee
- bruin8uclap, on 09/19/2008, -0/+7Bank*
All your bank are belong to us.
I await the flash based video creation... - 4321234, on 09/18/2008, -0/+6I guess the interest on the Chinese debt Bush ran up to finance the Iraq war will pay for China's oil they can now buy from Iraq, and they'll still have enough cash left over to buy the U.S. banks. Inscrutable.
- rimmel, on 09/18/2008, -2/+8Just another stepping stone on the path to America taking a back seat to China as the world superpower.
- Kohaxx, on 09/18/2008, -2/+8And it's a myth anyway. It can't be done.
- inactive, on 09/18/2008, -2/+8We don't know that.
- BedPost, on 09/19/2008, -0/+6I'm bookmarking this comment and checking back in 20 years...
- Swivelstick, on 09/19/2008, -1/+7"This is not the only reason; the reason is that China doesn't play fair" Neither does the US
- inactive, on 09/19/2008, -1/+7Rome is burning and the American public barely knows or cares.
- TriTech, on 09/19/2008, -0/+6It makes sense because they will be that much closer to owning us completely. They already have great influence over our government.
- GregIsLegend, on 09/19/2008, -0/+6It was about a year ago...
- JohnFrisco, on 09/18/2008, -0/+5Well the Japanese bought everything from the US in the 90s--now its China's turn.
- bigbangbuddha, on 09/19/2008, -1/+6Want to fix it, pass laws that prevent anyone from loaning money without at least some reasonable % in collateral. Right now most of anyone's value is debt, we have created a false inflation based on imaginary numbers, and there's nothing to back it up. This crash is a natural readjustment; everything and everyone is overvalued and there is no real money to back them up. The bubble has to burst. There's a damn good reason we used rare metals for thousands of years as the basis of worth. We are childish and foolish to think a economic numbers game, thought up no more than a hundred years ago, could simply replace this. Banks for the most part should be illegal, ever find it odd that someone is making money for doing nothing but borrowing yours. If this crash doesn't wake us up we deserve to be pwned by the PRC.
Oh, and cancel your cable! - sk33lz, on 09/19/2008, -0/+5That sounds like a bad 80s band... You could just say George Bush and the Republicans. Then it would actually be a band of bad stage performers that started in the 1980, when the first Bush took to the stage. That kind of sums it all up.
- TBombadil, on 09/19/2008, -1/+6hahaha its funny because it trueeee
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