Chicago stock exchange being sold to the Chinese

Chris0nllyn

Chris0nllyn

Well-Known Member
The Chicago Stock Exchange -- a subsidiary of CHX Holdings Inc. -- is minority-owned by a group including E*Trade Financial Corp., Bank of America Corp., Goldman Sachs Group Inc. and JPMorgan Chase & Co., according to the company. The minority shareholders are also selling their stake, Kerin said.
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The acquisition would be the first of a U.S. exchange by a Chinese company. The 134-year-old bourse, which handles about 0.5 percent of U.S. stock trading, would give the buyer a beachhead in the $22 trillion American equity market, where regulations require trades to be routed to whichever exchange has the best price for a stock at a given moment.
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meh....
 
LibertyBeacon

LibertyBeacon

Unto dust we shall return
vraiblonde

vraiblonde

Board Mommy
PREMO Member
Patron
LibertyBeacon said:
What is your specific concern? The Chicago exchange is a for-profit enterprise not unlike any other for-profit enterprise the Chinese are buying up. What is the difference?
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I'm uncomfortable having a foreign country controlling anything that has a big impact on our economy. Especially one that we're not exactly best friends with.
 
vraiblonde

vraiblonde

Board Mommy
PREMO Member
Patron
LibertyBeacon said:
One half of one percent. I think you'd better learn to math.
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Why do you "think" I need to math?

Moe importantly, what's your ####ing problem that you have to be such an insulting ahole all the time?

Don't answer. I'm putting you on ignore and won't see it anyway. No interest in your nonsense.
 
Hijinx

Hijinx

Well-Known Member
vraiblonde said:
I'm uncomfortable having a foreign country controlling anything that has a big impact on our economy. Especially one that we're not exactly best friends with.
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With all due respect the Chinese now own 1 in 4 pigs raised and processed in this country.

Chinese companies, at the urging of their government, have launched a global buying spree, a new phase in their unprecedented economic experiment. And they’re targeting a resource that climate scientists, economists, the U.S. government, even Wall Street, all forecast will become dangerously scarce in the coming decades: food.
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https://www.revealnews.org/article/how-china-purchased-a-prime-cut-of-americas-pork-industry/

It doesn't bother me that they want a stock exchange, I don't have any stock, but I do like my bacon. LOL
 
b23hqb

b23hqb

Well-Known Member
PREMO Member
Hijinx said:
With all due respect the Chinese now own 1 in 4 pigs raised and processed in this country.



https://www.revealnews.org/article/how-china-purchased-a-prime-cut-of-americas-pork-industry/

It doesn't bother me that they want a stock exchange, I don't have any stock, but I do like my bacon. LOL
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Don't forget the Panama Canal. The Chicoms essentially own and control own the rights to both entrances since the Clintonistas in 1996. Old Bill essentially sold the presidency to help get hisself re-elected.
 
Hijinx

Hijinx

Well-Known Member
b23hqb said:
Don't forget the Panama Canal. The Chicoms essentially own and control own the rights to both entrances since the Clintonistas in 1996. Old Bill essentially sold the presidency to help get hisself re-elected.
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I had forgotten that.
 
B

BigBlue

New Member
vraiblonde said:
http://www.bloomberg.com/news/artic...change-says-it-s-selling-to-chinese-led-group

The Chicago Stock Exchange said a Chinese investor group agreed to acquire it, giving the buyer entry into the intensely competitive U.S. equity market.

I don't even know what to say about that...
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Nothing ,whom do you think owns most of the big "American" beer companies ......it isn't Americans.
http://www.mlive.com/news/us-world/index.ssf/2015/09/budweiser_owner_moves_to_acqui.html
 
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