Steve Bannon Lights Up Red China-Loving American Investment Banks

March 20, 2025

Joined by CHQ contributor Frank Gaffney, Steve Bannon lit up JP Morgan, Bank of America, Morgan Stanley and Goldman Sachs for their efforts to help CATL, a PRC military company

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.

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.