Fifty Countries Sign Up To China-Led Asian Infrastructure Investment Bank, In Diplomatic Victory For Beijing

  • metta

    Posts: 39134

    Mar 17, 2015 3:18 PM GMT
    Europeans defy US to join China-led development bank

    http://www.cnbc.com/id/102510380
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    Mar 17, 2015 3:57 PM GMT
    metta8 saidEuropeans defy US to join China-led development bank

    http://www.cnbc.com/id/102510380


    As the story states, this is another significant setback for the Obama administration. Interesting that it claimed to be pushing for higher lending standards abroad, but all too ready to relax them at home, despite what should have been learned in the mortgage meltdown. One more front for failure.icon_sad.gif
  • tj85016

    Posts: 4123

    Mar 17, 2015 5:27 PM GMT
    ^^

    why in the world would you want to introduce "lending standards" to an organization that uses mostly US tax-payer money (e.g. the World Bank) to issue a "loan" to to hire US contractors like Kiewit or Bechtel to build a dam in Uganda?

    The new AIIB is a huge threat to the World Bank and a huge loss for Obama
  • metta

    Posts: 39134

    Jun 29, 2015 8:21 PM GMT
    Fifty Countries Sign Up To China-Led Asian Infrastructure Investment Bank, In Diplomatic Victory For Beijing


    http://www.ibtimes.com/fifty-countries-sign-china-led-asian-infrastructure-investment-bank-diplomatic-1987459