Daily Signal News

In this eye-opening episode of The Daily Signal podcast, Rob Bluey interviews Chris Iacovella, CEO of the American Securities Association. Iacovella recently testified before Congress about a disturbing financial reality many Americans are unaware of. Iacovella explains how Wall Street exploits multiple loopholes that allow companies controlled by the Chinese Communist Party (CCP) to access American capital markets, despite laws prohibiting foreign ownership of Chinese companies. Key points discussed: How American investments are unknowingly funding CCP activities, including the internment of Uyghurs, PLA weapons systems, cyber attacks against the U.S., and what the State Department has classified as genocide The "Variable Interest Entity" loophole: Americans who think they're buying shares in Chinese companies like Alibaba are actually only purchasing rights to a contract with a Cayman Islands company that contracts with the mainland Chinese company The "Passive Index" loophole: Asset managers in