Interesting

HUMMMMMM, this is interesting?
Is this good or bad that foreign investors are propping up companies like CITI?
Are we truly in a global economy?
I remember the outrage that Japan was buying up our country back in the 70's, 80's , I'm not sure exactly when! You would of thought the world was ending.
I remember what, two years ago the outrage over Abu Dhabi or the UAE over the ports deal.
I can understand CITI is in financial trouble but is this good that China is bailing them out to the tune of 9 billion dollars?
Then we have Kuwait throwing in another 1 billion.

Citi
looks to secure further $14bn in new capital
By Henny Sender in New
York
Published: January 11 2008 22:02 Last updated: January 11 2008
22:02

Citigroup is putting the final touches to its
second big capital-raising effort in as many months, seeking up to $14bn from Chinese, Kuwaiti
and public market investors.

Under the proposal being discussed, the bulk of the money – roughly $9bn – would be most likely
to come from China, people familiar with the negotiations say. The Kuwait
Investment Authority would contribute about $1bn, while $2bn to $4bn would be raised through a public placement of
shares.

Wow 10 Billion!

As more US financial institutions raise capital from foreign sources,
largely from sovereign wealth funds, there is a growing debate about the
potential domestic political reaction, particularly during a presidential
election year.
Link to article from the Financial Times.

O K , I am not an expert in economics. I don't have a PHD from Harvard!
Is this good or bad? I don't know!
CITI needs money, the Chinese and Kuwaitis have money ( U S dollars from us buying cheep imports and expensive oil). Are we to blame for this happening? Are we the blame for everyone in the U S spending too much and for some not paying there bills, living high off the hog, you got to wonder.
I don't have the answers but I do feel sorry for the average American that cannot add 2 plus 2,
that holds Oprah Winfrey to a higher standard than our men and women serving our country,
to those who cannot understand whats really going on in this world. They listen to the MSM. They listen to the libs in this country! They expect Uncle Sam to take care of them ( cradle to grave)! Yea, Rush was right when he said that FDR's Social Security was one of the biggest scams of all time. Look at all the social programs in place now, and the libs want more! People are ignorant to issues, ignorant to problems, ignorant to the world in general!

Oh Yea, it's Bush and Cheney's fault.

It's the republicans fixing the voting machines in New Hampshire to have Hillary win.
It's people that sit on their brains and don't think with the one in their head! Oh she was crying, booo wooo, I think I'll vote for her.

Well ,this is a global economy and time will tell if things change or how things will work out.
How many of my close friends and family really understand or even care about what goes on in the world. I may not be very educated but there are times I think I have some common sense.

The upcoming elections in 08 are very important not only for the presidency , but also for state offices as well! We need to get the truth out and inform people on what is really good for them and make sure we don't have flim flame candidates brainwashing voters minds. Doctors, and black jack dealers beware ( Steve Kagen and Diamond Jim Doyle). Yea, I know Diamond Jim isn't running yet but his time will eventually come,
just like Dr K!
We need A collaborative effort to send Dr. Kagen back to private practice...