Release | Steve Bannon and Frank Gaffney Light Up U.S. Investment Banks for Efforts to Help CATL
PRESS RELEASE
March 19, 2025
CONTACT:
Dede Laugesen
info@PresentDangerChina.org
Steve Bannon and Frank Gaffney Light Up
U.S. Investment Banks for Efforts to Help CATL
WASHINGTON, D.C.— Earlier today, Steve Bannon and Frank Gaffney lit up JP Morgan, Bank of America, Morgan Stanley and Goldman Sachs for their efforts to help CATL, a PRC military company that allegedly exploits slave labor, raise $7+ billion without disclosing the material risks.
Last month, President Trump told his administration to implement an “America First Investment Policy” to stop Wall Street’s underwriting – and greatly intensifying – the threat we face from Communist China.
This month, four prominent U.S. investment banks defy his executive action by ramping up their China First investment policy. J.P. Morgan, Bank of America, Morgan Stanley and Goldman Sachs are helping a Chinese military company called CATL raise $7 billion dollars or more from American investors.
They have so far failed to mention President Trump’s directive, let alone its potential negative impact on the value of this foreign adversary’s corporation and its securities.
The Trump team must make an example of CATL’s Initial Public Offering by disallowing its enabling by U.S. banks. It should also require prominent warnings about any such future deals that they put China, not America, first.
HIGHLIGHT
Steve Bannon and Frank Gaffney lit up JP Morgan, Bank of America, Morgan Stanley and Goldman Sachs for their efforts to help CATL, a PRC military company that allegedly exploits slave labor, raise $7+ billion without disclosing the material risks.
WATCH ON RUMBLE
MORE FROM FRANK
We need Trump’s America First Investment Policy, not Wall Street’s odious if not criminal, China First preference. | https://www.whitehouse.gov/presidential-actions/2025/02/america-first-investment-policy
For much more on why the CCP’s fundraising here must end – starting with CATL’s IPO – watch the Committee on the Present Danger: China’s outstanding webinar, “Trump’s America First Investment Policy vs. Wall Street’s China First One: Say ‘No’ to the CATL I.P.O.,” broadcast on March 18th. | https://presentdangerchina.org/webinar-trumps-america-first-investment-policy-vs-wall-streets-china-first-one
Follow Frank on X | https://x.com/frankgaffney
Read more in Frank’s Secure Freedom Minute | https://securingamerica.substack.com/p/secretary-bessent-screen-out-wall
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CONTACT:
To interview representatives of the Committee on the Present Danger: China, contact Dede Laugesen at info@PresentDangerChina.org
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