America for Sale
Submitted by Armand Biroonak
July 17th, 2008
Posted in
The American economy is increasingly in hock to foreign governments. China and the OPEC nations are setting up sovereign investment funds to buy up pieces of America. China recently bought a $5 billion stake in Morgan Stanley. Abu Dhabi bought $7.5 billion of Citigroup. Singapore paid $4.4 billion for a part of Merrill Lynch.
Source"Of Sovereign Funds and Prairie Fires," New York Times. 21 February 2008. http://dealbook.blogs.nytimes.com/2008/02/21/of-sovereign-funds-and-prairie-fires/?scp=4-b&sq=foreign+investors+buying+america&st=nyt
Delicious
Digg
StumbleUpon
Propeller
Reddit
Magnoliacom
Newsvine
Furl
Facebook
Google
Yahoo
Technorati
