Welcome Wall Street Defections on China First Investing

It seems we have reached an inflection point in the fight to adopt what President Trump has called an “America First Investment Policy”: Last week, two influential Wall Street financiers appear to have broken with their colleagues’ determination to continue investing in China first.

Friday morning, Shark Tank personality Kevin O’Leary objected to the unfairness of Communist Chinese companies enjoying privileged access to U.S. capital markets. He demanded that Paul Atkins, the Securities and Exchange Commission’s newly confirmed chairman, ensure that they instead comply with our laws and regulations – just as O’Leary’s companies and everybody elses’ must. 

Later that day, BlackRock chairman Larry Fink declared that “nefarious” Chinese companies should be delisted from our capital markets. If he now walks the walk, and divests his company’s vast holdings propping up Xi Jinping’s regime, we may finally stop underwriting our enemy. 

 

This is Frank Gaffney.