If you watched 60 Minutes on Sunday evening, you heard a frightening scenario that the Chinese government might be gaining unreasonable power, influence and control of U.S. businesses, especially in the financial services sector.
According to the Teshreen Press and Publishing Foundation, two Chinese nationals now own ~$400,000,000 in Visa, Inc., which means that those two recent checks totaling nearly 1/2 billion dollars to the banks – which owned the giant credit card processing cartel – was paid off by China. This raises so many concerns, from attention towards Visa’s Olympic sponsorship, how interchange merchant fees are structured in China, to questions of whether Visa and its member banks might gang up with China to wound the sovereignty of Taiwan?
We wonder whether Visa Inc cardholders understand these ramifications and the Chinese connection?
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China Life purchased nearly ~300 million dollars in Visa Inc.
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China’s Sovereign Wealth Fund also bought ~$100 million dollars in Visa Inc.
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[NEWS UPDATE: Olympic Torch Snuffed Out In Paris]
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