beware of the bank of china

The newest branch of the Bank of China in the United States is scheduled to open its doors in New York City in the Fall of 2015. It is a state-owned bank with a speckled history. Of course, the information in Wikipedia and other sources tell a different story. 

As banks in the United States begin to fail in the months ahead, the Bank of China will appear to be a safe and infinitely viable alternative. You will be assured that your deposits will be safely held in bank vaults, in contrast to the speculative and risky trading engaged in by other banks. You also  will be guaranteed immediate withdrawal of any sum of money on short notice. Many will believe that the one percent interest rate offered by traditional banks is not worth the risk to their hard-earned assets and will choose this bank, believing it to be the only safe alternative. If you place deposits or store valuables with this bank, you will probably wake up one day to find that the entire vault is gone. Know that you have been forewarned.