The problem, though, is that the ADR phenomenon has created a situation where U.S. investors are pouring billions of dollars into companies whose standards of financial disclosure and corporate governance are dramatically different from our own and which are, in some cases, nonexistent.
The companies that the United States is investing money into are stealing money from the investors. 
mnli hypothesis: The companies that the United States is investing money into are stealing money from the investors.  premise: The problem, though, is that the ADR phenomenon has created a situation where U.S. investors are pouring billions of dollars into companies whose standards of financial disclosure and corporate governance are dramatically different from our own and which are, in some cases, nonexistent.