The decision by the US Federal Reserve to approve ICBC's controlling interest in the Bank of East Asia has the usual suspects freaking out.

The decision by the US Federal Reserve to approve ICBC's controlling interest in the Bank of East Asia has the usual suspects freaking out.

Even the best administrative rules in the world can be subverted by crony capitalism.

RT @imagethief: My latest – peripherally on Melissa Chan. RT @rectifyname: "Good News! The Press is Out to Get You" – http://t.co/QTMmwL9t -> RT @gadyepstein: NYT's @comradewong on whither the China model, and making heads or tails of all the news this year http://t.co/q0BVVzRz -> RT @chinadailyshow: Exclusive interview: Meet the monkey who controls the […]

RT @imagethief: My latest – peripherally on Melissa Chan. RT @rectifyname: "Good News! The Press is Out to Get You" – http://t.co/QTMmwL9t -> RT @gadyepstein: NYT's @comradewong on whither the China model, and making heads or tails of all the news this year http://t.co/q0BVVzRz -> RT @chinadailyshow: Exclusive interview: Meet the monkey who controls the […]