Webinar | WANTED: For Underwriting the Enemy – Congress Subpoenas Two of the CCP’s ‘Old Friends’

From its inception in 2019, the Committee on the Present Dangers: China has relentlessly warned that the Chinese Communist Party’s “unrestricted warfare” aimed at destroying the United States is being underwritten and enabled by tens of millions of mostly unwitting American investors. That strategically disastrous travesty has been made possible by Wall Street greed and treachery, facilitated by a 2019 Memorandum of Understanding that, incredibly, gave Chinese Communist companies preferential access to U.S. capital markets.

Two of the worst of perpetrators of such financial skullduggery at the expense of their clients’ interests and values and the national security are Jamie Dimon and Brian Moynihan, the CEOs respectively of JPMorgan and Bank of America. They have, most recently, raised over $4.6 billion for a Pentagon-designated “Chinese military company operating in the United States” know as CATL. And they did so in a bank-shot via an IPO out of Hong Kong calculated to circumvent President Trump’s “America First Investment Policy” that is explicitly intended to end such practices. They appear poised, moreover, to profit from a “highway” thus created for over a dozen other Chinese companies who intend to use it to raise funds via Hong Kong IPOs in the months ahead.

To his great credit, Rep. John Moolenaar, the Chairman of the House Select Committee on the CCP, wrote Messrs. Dimon and Moynihan last April, warning them not to help CATL continue its contributions to the People’s Liberation Army’s massive – and increasingly threatening – military build-up and its exploitation of slave labor in the manufacture advanced batteries, some of which are being integrated aboard Chinese attack submarines to increase their lethality against our Navy. They spurned his admonitions and, thereby, not only enriched our enemy, but created an insidious precedent for other CCP companies tied to the PLA or otherwise involved in “civil-military fusion.” On July 24, Rep. Moolenaar subpoenaed both men to provide documents about this odious transaction.

This CPDC webinar discusses the implications of this latest Wall Street betrayal of both American investors and the national security and what Chairman Moolenaar and his Select Committee on a bipartisan basis are doing to hold them and others underwriting our enemy accountable for such treachery.

Moderator:

- Frank Gaffney, President, Institute for the American Future; Vice Chairman, Committee on the Present Danger: China; Member, Victory Coalition; host, “Securing America”

Panelists:

- Hon. Roger W. Robinson, Jr., Former Senior Director for International Economic Affairs, Reagan National Security Council; former Chairman, U.S.-China Economic and Security Review Commission; Chairman, Prague Security Studies Institute – Topic: “Underwriting the Enemy: The Dimon-Moynihan Betrayal of Their Clients and America – and the Moolenaar Accountability Initiative”

- Hon. John Moolenaar, U.S. Representative from Michigan; Chairman, House Select Committee on the Chinese Communist Party – Topic: “Holding Wall Street Accountable for Underwriting the Enemy: Congress Steps Up”

- Capt. James Fanell, U.S. Navy (Ret.), former Chief of Intelligence and Information Operations, U.S. Pacific Fleet; co-author, Embracing Communist China: America’s Greatest Strategic Failure — Topic: “The National Security Implications of Wall Street’s Underwriting of our Mortal Enemy: The Chinese Communist Party”

- Dr. Karen Siegemund, PhD, Founder and President, The American Freedom Alliance; Founding Member, The Sovereignty Coalition

- Ron Armstrong, President, Stand Up Michigan; Leader of Frontliners, a national coalition of grassroots activists