Frank Gaffney: Make the Chinese Communists Play by Our Rules
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Summary
Kudlow and O’Brien explained how this could possibly be happening: “The Chinese government currently prevents companies with Chinese operations listed on U.S. exchanges from complying with applicable U.S. securities law, leaving investors without the benefit of important protections.”The trouble is that, to date, the institutions American and other investors the world over rely upon to provide such protections and, in so doing, make our capital markets secure and attractive – namely, the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) – have allowed the Chinese Communist Party to get away with refusing to play by our rules.Until now.What should have been unacceptable conduct thus far, is today – especially in the wake of the CCP virus and the other, burgeoning evidence of Communist China’s enmity towards us –intolerable.Consequently, 51 former senior U.S. government officials and legislators, influential financial sector figures, China experts, religious leaders, and other patriots have just issued an open letter urging that President Trump’s logic in the microcosmic TSP case be applied to the nation’s capital markets more broadly.
As said here by Frank J. Gaffney, Jr.