Their Taking Over The Country

From the International Herald Tribune.
Abu Dhabi buys part of CITI Group

By agreeing to purchasing a $7.5 billion stake in the faltering banking giant Citigroup, the secretive, government-controlled Abu Dhabi Investment Authority is breaking with tradition.
So they are going to invest into CITI group, wow. I thought we didn't want foreign country's investing or owning U S company's.

I wonder where they got their money to buy a portion of CITI? Flush with cash from its oil exports, Abu Dhabi turned to Wall Street, using a complicated transaction late Monday to buy 4.9 percent of Citigroup, acquiring high-yield, convertible stock that must be exchanged for common stock between March 2010 and September 2011.
Abu Dhabi is the largest oil producer of the seven United Arab Emirates and is eager to spend its petrodollars. So we buy their oil and they buy our companies, WOW , who would of thought!

This is an interesting comment.
Abu Dhabi also has an interest in making sure the U.S. economy does not slow further, Ginsberg said, which helps to make investments like the Citigroup stake more attractive.

Will there be any outrage from the average Joe or Jane for the middle east buying up the United States ? They blame Bush for high oil prices and when the money they spend on oil and gasoline go up, it's Cheney's fault. When you point out that there money is going to country's in the middle east and they intern are buying American company's , they say nothing. When you tell them we have oil in Alaska or in the Gulf , they say we have to save the caribou. When China is drilling for oil in the gulf coast by Cuba they say nothing. You lefties sure know how to sand bag people with the Dem's and the MSM!

The real problem is that the left hasn't figured out how to blame Bush on this.

My take is, this Abu Dhabi buy out is good, it saves CITI ( CITI should not have gotten into this problem to begin with) and you can see they do not want the U S economy to tank. It's good to have friends who have money. Another question might be will the left jump into bed with these company's to line their pockets. Also, what will Abu Dhabi want in return for saving the U S? What will Rubin get out of this?

Pay backs are hell!!!!!!!!

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