Staff Reports
On Wednesday's episode of "The Ingraham Angle," former Secretary of State Mike Pompeo criticized the leadership of the American financial industry.
The host, Laura Ingraham, screened a video clip of Jane Fraser, the CEO of Citibank, issuing a warning about the potential repercussions of withdrawing from China.
According to Fraser, when we look at the companies that we service, we see that a large number of them are international clients in China. It's clear that many things are dependent on one another. As Americans, we must have a long-term perspective on the areas in which we require greater strategic autonomy and then work methodically to create it. But also in a manner that does not produce crises, specifically economic crises.
In response, Pompeo pointed out that Fraser and other prominent figures in the financial industry had failed to accept the "economic war" that the Chinese government had waged against the United States.
[I] would tell you, it also sounds a lot like what I heard from Chinese officials, Chinese leadership saying, Oh, we're so connected, it'll be really horrible for you, he said. This is exactly the kind of flawed reasoning that caused people to ignore the fact that the Chinese Communist Party had declared economic war on the United States for the better part of four decades. During that time, the Chinese Communist Party fueled their economy by piggybacking off of the American economy, and we let them do it.
For the sake of defending American freedom and placing real trust in the Chinese Communist Party to start behaving, he hoped that our senior financial leaders will come to truly recognize that they are American enterprises with American interest.
The preceding is a summary of an article that originally appeared on BREITBART.
