Dear President Obama and Senator McCain,
Today the US has gone through major financial domestic competitive regulations. Which where issued based on the idea of unfair advantage of the banks over the clients. This issue was and is known as predatory lending. It seems as the US leads in world trends on a lot of things, not all of course. That again the US needs to take a domestic regulation trend and apply it to the international macro perspective. As today, we see the Communist Chinese doing predatory lending to help develop areas of the world. http://www.google.com/hostednews/afp/article/ALeqM5jEjZ03ZXT79fgWdhnWw4a80CL_dw?docId=CNG.78561b78a1e8b966b109f8d2f346b9ce.391
When a country does it to another country it is not competition. Then it is known as financial warfare. As the Communist Chinese are using predatory lending tactics to implement their state owned enterprise and party control of the new developing countries economy. I do believe the world bank has laws against this. As the British I believe did this once. As the issue is can a bank give you a loan based on the idea that a business it owns has to own part of your business. Then if the issue is based on the idea of development. Which places this issue at a higher issue or predatory actions. Then we see that it seems to fit closely into the concept of the US's new set of predatory lending laws. Where if somebody was to get a loan for a bank but the poor area could only get loans if the bank forced them to allow a business to own 50% of their home. It would be illegal. I think that the US should apply these new regulation sets to this issue of developing the world.
Rider I
cc:
Today the US has gone through major financial domestic competitive regulations. Which where issued based on the idea of unfair advantage of the banks over the clients. This issue was and is known as predatory lending. It seems as the US leads in world trends on a lot of things, not all of course. That again the US needs to take a domestic regulation trend and apply it to the international macro perspective. As today, we see the Communist Chinese doing predatory lending to help develop areas of the world. http://www.google.com/hostednews/afp/article/ALeqM5jEjZ03ZXT79fgWdhnWw4a80CL_dw?docId=CNG.78561b78a1e8b966b109f8d2f346b9ce.391
When a country does it to another country it is not competition. Then it is known as financial warfare. As the Communist Chinese are using predatory lending tactics to implement their state owned enterprise and party control of the new developing countries economy. I do believe the world bank has laws against this. As the British I believe did this once. As the issue is can a bank give you a loan based on the idea that a business it owns has to own part of your business. Then if the issue is based on the idea of development. Which places this issue at a higher issue or predatory actions. Then we see that it seems to fit closely into the concept of the US's new set of predatory lending laws. Where if somebody was to get a loan for a bank but the poor area could only get loans if the bank forced them to allow a business to own 50% of their home. It would be illegal. I think that the US should apply these new regulation sets to this issue of developing the world.
Rider I
cc:
Agency for International Development
Michael G. Carroll, Acting Inspector General
Michael G. Carroll, Acting Inspector General
Main Phone Number: (202) 712-1150
Mailing Address: 1300 Pennsylvania Ave, N.W.; Washington, D.C. 20523
Hotline Number: (202) 712-1023; (800) 230-6539
Hotline Email: ig.hotline@usaid.gov
Mailing Address: 1300 Pennsylvania Ave, N.W.; Washington, D.C. 20523
Hotline Number: (202) 712-1023; (800) 230-6539
Hotline Email: ig.hotline@usaid.gov