What could happen if Germany wants to start "fixing" prices somehow as they already are doing with the costs of buying a seat on the US stock market. The seats were 300,000.00 US but now have been brought up to 3 million US. Can any detrimental affects happen with another country in charge of what goes on in the American stock exchange?
"Germany" did not "buy" the "US stock market." What happened is that Deutsch Bourse is in talks about acquiring a majority stake in NYSE. Deutsch Bourse is not "Germany," it's a private company. And the NYSE is not "the US stock market," it's simply one of several stock exchanges (i.e., private corporations) that comprise the US stock market - and note that it has already merged with Euronext, a pan-European stock exchange.
Symantics. It is a company that is totally controlled from Germany therefore it is a German company. Still no good answer , to me, as yet. Anyone here can answer this question better please? :shrug:
Just because another company owns something, they still have to comply with US law if they do business in the US.
But they can and will take the profits back to the main headquarters in Germany and use those funds there, not in America.
That they might. I don't know what the tax laws are like in Germany. But in the US a lot of money earned overseas does not come back because of our silly tax schemes. And not all of the NYX profits are repatrioted today either.
You're being overly silly here, Cosmic. There are THOUSANDS of organizations overseas that are owned by American companies - does that mean that America (the country itself) has any control in those other countries? Of course not !!
That doesn't make them an arm of the German state, or whatever it is you're implying by insisting that "Germany is buying the stock market." Sure - but only after putting a bunch of funds into America (by purchasing the company in the first place, and by paying taxes on their profits). So what?
It is just odd to me that a foriegn owned company can buy out an American owned company, take away the profits and set it up with whoever they want to staff it. They will be using German citizens to help out with the operations thereby more American workers losing more jobs. A foriegn operated company being allowed total control over a huge business that deals with billions of dollars daily. I believe Madoff when he said that wall street is a big sham and people there only are ripping others off without losing any of their own money, like the famous ponzi scheme that he used for so long.
Why? Does it seem odd to you that American companies can do the same thing with German companies? I would add that such foreign acquisitions are subject to Congressional approval, which can be (and routinely is) denied for assets deemed strategically sensitive. For example, a foreign company would have some difficulty purchasing, say, an American company that makes secret intelligence computers or something like that. Although that difficulty would scale with relations between the USA and the foreign country - China and Russia face much more scrutiny on such questions than do, say, the UK, Germany or Israel.
I didn't remember what the laws in Germany are when it comes to foreign owned and operated businesses there. I didn't know if they allowed such total acquisitions over major businesses like this.
