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
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