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US Treasury Secretary, Jacob Lew Is Concerned About Corruption In Chinese Banking ???

Sure, he is.

That Jacob Lew is pointing fingers at the Chinese?

The same Jacob Lew who oversees the FEDERAL RESERVE'S FIAT BANKING SCAM 'treasury' of the most corrupt regime on the planet?

THAT Jacob Lew is calling the Chinese kettle black??

But of course.

:-))

Lew suffers from a bad case of "Do as I say - NOT as I do..."

Switzerland, Luxembourg Apply for China-led Infrastructure Bank, along with France, Germany, and Italy.

Australia is strongly considering joining, and Japan is still sitting on the fence, with no decision as of yet.

However, US officials have been skeptical, expressing fears that it may undermine the World Bank and the International Monetary Fund (IMF).

US Treasury Secretary, Jacob Lew, stressed Washington has doubts if the China-led bank will be able to “adhere to the kind of high standards that the international financial institutions have developed.”

"Will it protect the rights of workers, the environment, will it deal with corruption issues appropriately?" Lew asked.

But the Chinese finance minister gave an assurance that the AIIB will not compete with existing international organizations.

"History revisited, the establishment of regional investment banks including the ADB (Asian Development Bank) and the European Bank for Reconstruction and Development did not weaken established (institutions), rather they reinforced the multilateral financial organizations and more vigorously pushed forward the global economy," Lou stressed.

More:

http://wp.me/p5GMtX-gp

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