Tuesday, September 23, 2008

All too Common

Foreigners are going to just buy up this country. Here is a story about Singapore having $300 billion to invest and looking at distressed assets in the U.S. as a likely target.

Singapore is a tiny nation with less than 5 million people. They already have a significant ownership stake in Citigroup and with their cash they are going to buy up other financial services firms.

They also hold $31 billion of our U.S. national debt. So essentially, the U.S. owes every man, woman, and child in Singapore about $6800.

Still think Bushinomics is a good idea?

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