Credit Suisse: Imperiled global investment bank has CCP-tied official on risk committee

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Credit Suisse, the Swiss bank that neared a full-blown crisis this week, has a board member who has close ties to the Chinese Communist Party's key influence campaign arm.

Craft Ventures David Sacks weighs in on the crisis at Credit Suisse and the banking sector concerns on 'Tucker Carlson Tonight.'Chinese Communist Party-linkedOn Wednesday, Swiss bank Credit Suisse's value plummeted nearly 30%, forcing trading to be abruptly halted midday, after it acknowledged in its annual report it had"material weakness" and its largest investor, a Saudi state-run bank, said it couldn't provide additional assistance, citing a"regulatory issue.

companies. For example, he is a board member of the Silk Road Finance Corporation which aims to promulgate the Chinese government's Belt and Road Initiative influence campaign, and previously held high-ranking positions at the China Development Bank and Bank of China, both of which are state-owned.

Christine Lagarde, the president of the European Central Bank , speaks to reporters in Frankfurt, Germany, on Thursday. The ECB assured consumers earlier that the"euro area banking sector is resilient, with strong capital and liquidity positions."impacting the U.S. economy

 

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They are everywhere in positions of influence.

Wow, what a great idea! Nothing to worry about here.

Great.

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