The claxons are sounding on Wall Street. Finally, analysts are beginning to take seriously the prospect that the U.S. financial sector’s longstanding practice of underwriting our mortal enemy, the Chinese Communist Party, is becoming untenable. Praise the Lord.

For example, one insider newsletter recently put it this way: “We continue to believe the de-listing of Chinese stocks from U.S. exchanges is increasingly likely as we believe both Republicans and Democrats will push for action. This is because there is no political downside to blocking Chinese firms from accessing U.S. capital while there is significant political risk to being branded as supporting the Chinese military and Chinese competition to U.S. companies.”

In fact, for those very reasons, we should see both the relatively small number of Chinese companies listed on our exchanges and the thousands of others being traded there removed forthwith.

This is Frank Gaffney.