sbynews

DelMarVa’s Premier Source for Conservative News, Opinion, Analysis, and Human Interest

Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349

The opinions expressed by columnists are their own and do not represent our advertisers

Biden Extends China’s Beneficial Access to US Markets – Labeled an “Insane and Treasonous” Move

Joe Biden continues to give in to the Chinese.

As TGP reported previously, in 2013, Vice President Joe Biden brokered a deal with China that gave the country access to US markets without having to comply with US compliance regulations that US companies had to comply with

The Sarbanes-Oxley legislation costs US companies millions, if not billions, in compliance expenses since put in place after the Enron collapse in the early 2000s.  For some reason, Biden thought Chinese companies should not have to comply with the requirements American companies are compelled to follow to ensure accurate financials and key controls throughout company operations worldwide.  These controls are audited at least annually and at a significant cost to the entity.  There are also significant costs to prepare for these audits.

Rather than ensure China’s companies were at least as accurate in their reporting and as well-controlled, Biden gave Chinese companies a pass.  This deal allowed Chinese companies to obtain billions, if not trillions, in capital not available in China.

A short time later in 2013, China gave Hunter Biden – $1.5 billion to invest.

More

10 thoughts on “Biden Extends China’s Beneficial Access to US Markets – Labeled an “Insane and Treasonous” Move”

  1. China OPENLY says they will destroy the USA, in every way possibly. Openly. Publish articles about it.
    And biden lets them operate in ways American companies are not allowed??? To the tune of HUNDREDS OF BILLIONS of dollars in profits….
    BUT, since the biden crime family will get extremely rich from the bribes and under-the-table deals and kickbacks, they don’t give a rat’s ass about Americans or their safety and security.

    HOW MUCH CRIME and traitorous behavior must be exposed before people say “Whaaaaat????” HE is the f’ing president!!?? 10 % for the big guy??

    WHERE is the FBI on this? How about the IRS?? Oh. Right. Still looking for SOMETHING on Trump.

    Keep cheering.

Leave a Comment

Your email address will not be published. Required fields are marked *