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Millions of Americans are unwittingly investing in blacklisted Chinese companies: Roger Robinson
As the hearing for Trump's SEC chairman nominee Paul Atkins is underway, here's what former Reagan advisor Roger Robinson told me he'd ask him:
"Do you think it's okay to have blacklisted Chinese companies—for national security violations or egregious human rights abuses—to be integrated into the investment products that are being held by scores of millions of unwitting Americans?
Are you prepared to block [these]?
Are you prepared to say no to variable interest entities (VIE's)?
Are you prepared to tell us what's in the over-the-counter market?
Are you prepared to outlaw A-shares that are unregulated and probably have us underwriting the Chinese military?
Are you going to end dollar-denominated sovereign bonds of China being held by Americans?
Are you going to end those joint ventures between our largest asset managers trying to merge themselves with Chinese state-owned banks that are under the Iron Fist of the Chinese Communist Party and the People's Liberation Army?"
Roger Robinson played a lynchpin role in Reagan's economic strategy against the Soviet Union.
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