Bloomberg reports that two of Wall Street’s biggest firms have doubled-down on their intention to help raise at least $7 billion dollars for a Chinese military company helping the People’s Liberation Army prepare to kill Americans. 

Jamie Dimon’s JP Morgan and Brian Moynihan’s Bank of America exemplify the indifference of too many in the U.S. financial sector about national security. Evidently, they’re determined to help enable electric battery-manufacturer CATL’s making Chinese conventional submarines a more lethal threat to our naval forces and personnel.

House CCP Select Committee Chairman John Moolenaar has warned the companies to drop the CATL deal and SEC Chairman Paul Atkins to stop such corporate enabling of our enemy in violation of President Trump’s “America First Investment Policy.” 

These material risks are not being properly disclosed to investors, greatly compounding the treacherous malfeasance of JPMorgan and Bank of America.

This is Frank Gaffney.