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China's National Committee Member demands investigation into the purchase of the U.S. home-loan Bonds

6 May 2012
 

Liu Mengxiong (刘梦熊), a member of the national committee of CPPCC (政协委员), once again slammed China's financial regulatory authority (国家财政金融管理当局) for purchasing $376 billion bonds from Fannie Mae & Freddie Mac, two US mortgage giants which were initially sponsored by the US government but now the Hillary-Obama administration refused to bail them out when they face bankruptcy. Mr Liu urged an investigation into the bond deals and demanded to know if there were undesirable drives or even treasonous motivations corrupting the judgment when making decision:

"你们这班败家子哪来这么大胆子,拿人民的钱来买天文数字的3763亿美元美国两房公司债券。现两房基本破产,你们如何向人民交代?离谱决策有无黑幕,呼吁立即彻查追究责任!是经济间谍还是里通外."

He has been looking for the explanation from the authority for years, but so far has received no response at all, either from the financial regulatory body or from its higher authority, namely the State Council which is led by Wen Jiabao who once told the Chinese public that to save America is to save China.

The below are some screen shots of Chinese comments posted on China's microblog:

- Corrupted officials started to get kickbacks from foreign businesses.

- Just keep spreading rumours about the death toll during early 60s - it's a effective method to shift public attention away from the bond scandal.

- Such investigation is long over due. Many of China's top consultants were recruited as U.S. economic agents when they studied there.

- Last year I interviewed Liu Mengxiong but when my report was republished by China News, I surprisingly found the part related to the US bond kickbacks missing. I urge the relevant organizations to be honest with Chinese public in terms of whether there were kickbacks in the trade, which officials were involved and how much they've got.

- You only need to find out who are the economic consultants to the decision makers then you'll know the truth immediately.

- Premier Wen Jiabao said there are rumours targeting him and his family. Now, this is certainly a big one, please prove to the public it isn't true.

- Some economic experts like to say that China has $2,000 billion foreign exchange reserve that must find a way to spend. But they only need to look around and they'll see how many people who have no shelter, how many kids who can't afford to go to school, how many elderlies who receive no financial support and how many citizens who have no money to go to hospital!

- Each Chinese citizen has a right to demand an answer from the financial authority and the State Council.

- It isn't a dreadful thing to invest overseas, but it is terrible when no one checks how the investments are done.

- The State Council is responsible for this bond disaster!

- We need to identify the biggest culprit and bring his to court - that will serve as a powerful warning to those who intend to committed high treason for their personal interest.

 
 
RELATED:

据纽约时报等西方媒体报道:

两天的第四轮"美中战略与经济对话"出现重大实质突破,美方称已获得中国承诺,将取消对中国国营企业的保护,面对市场竞争

美方资深官员在电话简报称,中方在会谈中承诺了如下21-16=5条:

-创造以消费为主的经济成长模式;

-开放实力雄厚的国营企业面对市场竞争,并要求国营企业上缴更多的盈利;

-调高外资银行在合资证券公司的持股比率,由目前的33%,提高到49%,并进一步放宽业务范围限制。此举将让美国金融业增强在中国的投资能力;

-同意放宽美国公司在中国经营汽车贷款的业务;

-取消对若干出口产业的补贴。

这是中国第一次做出这些承诺。

温家宝4日上午在接见美方代表团时表示,"这次对话富有成果,可以说是丰硕的成果,有些有重大的突破"。

温家宝外,代表中方谈判的主要人员有王岐山戴秉国

What Chinese Say (weibo.com +)

***

*神很高兴说重大突破。我看来看去看不出突破在哪。看了美国的报道,方知我们的国企又被算计!难怪*神高兴,原来是美国的重大突破!

*****

全身心维护美国的利益。

姜大牙

中国的现状:金权派正在不声不响的夺取政权,通过把中国绑在美债上的做法强迫中国走上外交软弱,军队有劲不能使,政府对内剥削,对外奉献。他们的人民币国际化的路线是在忽悠政府,配合台湾的归属,让胡昏了头,IPO可以不审, 养老金入市, 温州的金改, 退市政策..... 在中国现在的贪污腐败管理下,会要了谁的命?

田横五百祭:

春节前犹太资本、温州资本已从楼市“胜利”退出星空这才真正下决心调控房价。“下半年房价再下滑,政府可能出手救市。”——这是茅老贼前几天说的话。相信这些年茅老贼最清楚中国房市黑幕。三年前他高喊政府不能干涉楼市,现在希望政府出手救市。他就是星空肚子里的蛔虫。

耶1耶2幽灵

大旱三年,仓空,井空,苍井空;

候鸟飘零

主政九载,温饱,家饱,温家饱!

FAQ on China's Financial Reform

五四精神:外争国权,内惩国贼!


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