Interesting thread and postings.
Just wonder how it will all play out in the long run, just speculation mind you.
1...Assuming the couple did have inside info, how are they subject to US laws?
2...Since Merrill Lynch told on them, if that is true...then didn't Merrill Lynch violate it's fiduciary responsibility to their client? And isn't that responsibility above all else?
3...Knowing how close the Chinese people are, will this action ripple through the community and cause irrepairable harm to Merrill Lynch for years to come? Like every Chinese withdrawing their account from Merrill Lynch or other US owned firms.
4...Given that Beijing monitors the actions of the west and has been opening up their markets to western investment (banks, CC company, Investment firms)...will Beijing slow down these investments or increase its control over those firms?
5...Could this harm the west in other ways? China is a huge trading partner and vendor financier of US people (buying US treasuries). Could they start refusing to buy more and start selling?
6...Could Beijing freeze the assets of Merrill Lynch in China? China is very protective of its people and culture.
I personally think this may be good for the SEC as far as their press is concerned, but it could definitely cause problems for the State Department.
Just wonder how it will all play out in the long run, just speculation mind you.
1...Assuming the couple did have inside info, how are they subject to US laws?
2...Since Merrill Lynch told on them, if that is true...then didn't Merrill Lynch violate it's fiduciary responsibility to their client? And isn't that responsibility above all else?
3...Knowing how close the Chinese people are, will this action ripple through the community and cause irrepairable harm to Merrill Lynch for years to come? Like every Chinese withdrawing their account from Merrill Lynch or other US owned firms.
4...Given that Beijing monitors the actions of the west and has been opening up their markets to western investment (banks, CC company, Investment firms)...will Beijing slow down these investments or increase its control over those firms?
5...Could this harm the west in other ways? China is a huge trading partner and vendor financier of US people (buying US treasuries). Could they start refusing to buy more and start selling?
6...Could Beijing freeze the assets of Merrill Lynch in China? China is very protective of its people and culture.
I personally think this may be good for the SEC as far as their press is concerned, but it could definitely cause problems for the State Department.
