Dimon and Moynihan Underwrite the CCP Threat

Yesterday, Jamie Dimon’s JPMorgan and Brian Moynihan’s Bank of America raised $4.4 billion for a Pentagon-designated “Chinese military company operating in the United States.” Most Americans might be astonished that there are any such companies – let alone that Wall Street is so indifferent to the national security implications that it is massively enriching one.

The company in question is called CATL. It’s the world’s largest electric battery manufacturer and reportedly is putting them in Chinese submarines, increasing their lethality – meaning the death of Americans in the event of a shooting war.

Messrs. Dimon and Moynihan are, thereby, not only aiding and abetting a “foreign adversary.” They have violated President Trump’s vitally needed “America First Investment Policy” and created a precedent for doing so via Hong Kong that threatens to make a mockery of his commonsensical effort to end such underwriting of our enemy. 

This is Frank Gaffney.