Tuesday, June 1, 2010

And Jacob Told Esau, "You sold your birthright....."

At one time the Security and Exchange Commission had a regulation that stipulated foreign ownership in publicly held American corporations were strictly limited to 10%of it's outstanding stock.

That was a very wise regulation. One that needs to be re-instated by the SEC.

Let's not even discuss the selling of America's life blood. (I'm still pissed Anheuser Busch was sold to the Belgians- that BUD isn't for me anymore.)That is only the tip of the iceberg.

Who here think it is a wise move to sell a large block, a controlling interest, in our news media, to countries that don't hold our same, shall we say, political views.

Saudi Arabia was a huge donor/Middle Eastern money funnel for the Obama campaign. At least two different Saudis hold interests in our news media. GE which owns NBC,Time magazine,and other media outlets sold out to the House of Saud. The Fox network did the same thing.

I wonder what President Kennedy would have thought about the then USSR's PRAVDA, buying out every television, radio station and newspaper in America during his day? I bet he would have taken a very dim view on such practice, to put it mildly.

"Mind control of our citizens? Sure,take the keys to the nuke silos too, Nikita".

America needs to divest foreign investors from our corporations.They should be required to buy back their stock. Ten percent offshore that's it. No stock voting rights. Corporations that are considered key industries,(defense contractors etc.) zero foreign ownership, keep your hands off.

We the People, don't have to let this travesty continue. We are the government, we TELL the SEC what their regulatons should be, not Wall Street.

Steve

1 comment:

  1. This is terrible news! IT MUST CHANGE OR WE ARE FINISHED! Charlie from central N.Y. state

    ReplyDelete

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