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US Officials: China Refuses
to Help Stop Investment Scams

ABC News, by Matthew Mosk & Brian Ross*

Original Article

Posted By:LittleHoodedMonk, 1/9/2013 9:40:12 PM

The Chinese government snubbed a U.S. request for help in cracking down on a string of alleged investment frauds that have cost Americans billions, outgoing Securities and Exchange Commission Chairman Mary Schapiro told ABC News. The lack of cooperation has stymied efforts to recoup investor losses, she said, in one of the largest sprees of alleged financial crimes in recent memory -- one that has gone largely unnoticed by most Americans. "The consequence is it´s very much more difficult for us to prove our cases," Schapiro said in one of her final interviews before leaving the post,

Comments:
*[w/ Stuart Johnson]. We get bled for BILLIONS by the Federal government in taxes and no protection when the Chinese do the same. I just hope that my burial site is paid for before the banking industry collapses worldwide. These sums of money are beyond staggering, let alone, where does it go?

      


Post Reply  

Reply 1 - Posted by: voxpopuli, 1/9/2013 10:04:59 PM     (No. 9108098)

Mary Schapiro..
THERE´S someone that would get respect from a dictatorial government..
just another PC girl to kick around..
like PIAPS..

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Reply 2 - Posted by: kanphil, 1/9/2013 10:07:31 PM     (No. 9108100)

Since Obama came to power, all nations know they have nothing to fear.

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Washington - The Obama administration is putting off its decision on the Keystone XL oil pipeline, likely until after the November elections, by extending its review of the controversial project indefinitely. In a surprise announcement Friday as Washington was winding down for Easter, the State Department said federal agencies will have more time to weigh in on the politically fraught decision — but declined to say how much longer. Officials said the decision will have to wait for the dust to settle in Nebraska, where a judge in February overturned a state law that allowed the pipeline´s path through the state.

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Posted By: LittleHoodedMonk- 4/18/2014 7:03:46 PM     Post Reply
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