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Thursday, September 29, 2005 

Buying Into China is All the Rage

(Brietbart) General Electric Co. plans to buy a 7 percent stake in China's Shenzhen Development Bank in the latest foreign strategic investment in China's increasingly competitive banking market, reports said Thursday. China limits total foreign investment in any single bank to under 25 percent. The GE purchase would put the total foreign stakes in the bank at about that limit.

But not here in America. We can sellout our entire country to a foreign investor. Pretty soon, we will be stuck where our Red Friend owns enough of our economy to run it, while we own just enough of theirs to depend on it. Who wins in that situation?