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Coronita.
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February 13, 2008 at 2:39 PM #11811
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February 13, 2008 at 3:03 PM #152775
Anonymous
GuestI don’t know why this is a surprise. Foreign governments have allowed the US to finance its way to an elevated standard of living via a huge trade imbalance. They also soak up a truly staggering amount of public debt, again allowing us to avoid hard choices.
This debt is dollar denominated so what are these soverign wealth funds supposed to do with their greenbacks? Stack them in a safe and let them mold? Nope, if you’ve got a glut of dollars, you might as well purchase US assets that can give some kind of return.
Of course, I wouldn’t put my money into Shitty-bank, Blackstone or the half-assed financial middlemen of Wall Street. But if the Saudis and Chinese feel like doing so, it will wind up about as well as the Japanese did with their big RE purchases in the late 80’s.
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March 4, 2008 at 9:34 AM #163907
bsrsharma
ParticipantGulf investors may not save Citigroup, Dubai executive says
Mideast sovereign wealth funds may fail to save troubled U.S. banking giant Citigroup Inc. unless more cash is pumped into the lender, the head of a $13 billion Dubai-owned investment firm said Tuesday.
Sameer Al Ansari, Chief Executive of Dubai International Capital told delegates at a private equity conference that it will take more than the combined efforts of the Abu Dhabi Investment Authority, the Kuwait Investment Authority and Saudi investor Prince Alwaleed bin Talal to save the bank.“It’s going to take more than that to rescue Citi,” Ansari said. He added that more write downs are expected and that Gulf investors would be required to bolster Citi.
The Abu Dhabi Investment Authority, or ADIA, a sovereign wealth fund owned by the world’s fourth-largest oil exporter, last year bought a 4.9% stake in Citigroup.
The Kuwait Investment Authority also said in January it would invest $3 billion in Citigroup.
Al Ansari said “it would take a lot more money to rescue Citigroup.” A spokesperson for Citi was unable to comment immediately when called Tuesday. ..
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March 4, 2008 at 9:34 AM #164217Participant
Gulf investors may not save Citigroup, Dubai executive says
Mideast sovereign wealth funds may fail to save troubled U.S. banking giant Citigroup Inc. unless more cash is pumped into the lender, the head of a $13 billion Dubai-owned investment firm said Tuesday.
Sameer Al Ansari, Chief Executive of Dubai International Capital told delegates at a private equity conference that it will take more than the combined efforts of the Abu Dhabi Investment Authority, the Kuwait Investment Authority and Saudi investor Prince Alwaleed bin Talal to save the bank.“It’s going to take more than that to rescue Citi,” Ansari said. He added that more write downs are expected and that Gulf investors would be required to bolster Citi.
The Abu Dhabi Investment Authority, or ADIA, a sovereign wealth fund owned by the world’s fourth-largest oil exporter, last year bought a 4.9% stake in Citigroup.
The Kuwait Investment Authority also said in January it would invest $3 billion in Citigroup.
Al Ansari said “it would take a lot more money to rescue Citigroup.” A spokesperson for Citi was unable to comment immediately when called Tuesday. ..
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March 4, 2008 at 9:34 AM #164228Participant
Gulf investors may not save Citigroup, Dubai executive says
Mideast sovereign wealth funds may fail to save troubled U.S. banking giant Citigroup Inc. unless more cash is pumped into the lender, the head of a $13 billion Dubai-owned investment firm said Tuesday.
Sameer Al Ansari, Chief Executive of Dubai International Capital told delegates at a private equity conference that it will take more than the combined efforts of the Abu Dhabi Investment Authority, the Kuwait Investment Authority and Saudi investor Prince Alwaleed bin Talal to save the bank.“It’s going to take more than that to rescue Citi,” Ansari said. He added that more write downs are expected and that Gulf investors would be required to bolster Citi.
The Abu Dhabi Investment Authority, or ADIA, a sovereign wealth fund owned by the world’s fourth-largest oil exporter, last year bought a 4.9% stake in Citigroup.
The Kuwait Investment Authority also said in January it would invest $3 billion in Citigroup.
Al Ansari said “it would take a lot more money to rescue Citigroup.” A spokesperson for Citi was unable to comment immediately when called Tuesday. ..
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March 4, 2008 at 9:34 AM #164237Participant
Gulf investors may not save Citigroup, Dubai executive says
Mideast sovereign wealth funds may fail to save troubled U.S. banking giant Citigroup Inc. unless more cash is pumped into the lender, the head of a $13 billion Dubai-owned investment firm said Tuesday.
Sameer Al Ansari, Chief Executive of Dubai International Capital told delegates at a private equity conference that it will take more than the combined efforts of the Abu Dhabi Investment Authority, the Kuwait Investment Authority and Saudi investor Prince Alwaleed bin Talal to save the bank.“It’s going to take more than that to rescue Citi,” Ansari said. He added that more write downs are expected and that Gulf investors would be required to bolster Citi.
The Abu Dhabi Investment Authority, or ADIA, a sovereign wealth fund owned by the world’s fourth-largest oil exporter, last year bought a 4.9% stake in Citigroup.
The Kuwait Investment Authority also said in January it would invest $3 billion in Citigroup.
Al Ansari said “it would take a lot more money to rescue Citigroup.” A spokesperson for Citi was unable to comment immediately when called Tuesday. ..
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March 4, 2008 at 9:34 AM #164321Participant
Gulf investors may not save Citigroup, Dubai executive says
Mideast sovereign wealth funds may fail to save troubled U.S. banking giant Citigroup Inc. unless more cash is pumped into the lender, the head of a $13 billion Dubai-owned investment firm said Tuesday.
Sameer Al Ansari, Chief Executive of Dubai International Capital told delegates at a private equity conference that it will take more than the combined efforts of the Abu Dhabi Investment Authority, the Kuwait Investment Authority and Saudi investor Prince Alwaleed bin Talal to save the bank.“It’s going to take more than that to rescue Citi,” Ansari said. He added that more write downs are expected and that Gulf investors would be required to bolster Citi.
The Abu Dhabi Investment Authority, or ADIA, a sovereign wealth fund owned by the world’s fourth-largest oil exporter, last year bought a 4.9% stake in Citigroup.
The Kuwait Investment Authority also said in January it would invest $3 billion in Citigroup.
Al Ansari said “it would take a lot more money to rescue Citigroup.” A spokesperson for Citi was unable to comment immediately when called Tuesday. ..
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February 13, 2008 at 3:03 PM #153052Guest
I don’t know why this is a surprise. Foreign governments have allowed the US to finance its way to an elevated standard of living via a huge trade imbalance. They also soak up a truly staggering amount of public debt, again allowing us to avoid hard choices.
This debt is dollar denominated so what are these soverign wealth funds supposed to do with their greenbacks? Stack them in a safe and let them mold? Nope, if you’ve got a glut of dollars, you might as well purchase US assets that can give some kind of return.
Of course, I wouldn’t put my money into Shitty-bank, Blackstone or the half-assed financial middlemen of Wall Street. But if the Saudis and Chinese feel like doing so, it will wind up about as well as the Japanese did with their big RE purchases in the late 80’s.
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February 13, 2008 at 3:03 PM #153054Guest
I don’t know why this is a surprise. Foreign governments have allowed the US to finance its way to an elevated standard of living via a huge trade imbalance. They also soak up a truly staggering amount of public debt, again allowing us to avoid hard choices.
This debt is dollar denominated so what are these soverign wealth funds supposed to do with their greenbacks? Stack them in a safe and let them mold? Nope, if you’ve got a glut of dollars, you might as well purchase US assets that can give some kind of return.
Of course, I wouldn’t put my money into Shitty-bank, Blackstone or the half-assed financial middlemen of Wall Street. But if the Saudis and Chinese feel like doing so, it will wind up about as well as the Japanese did with their big RE purchases in the late 80’s.
-
February 13, 2008 at 3:03 PM #153076Guest
I don’t know why this is a surprise. Foreign governments have allowed the US to finance its way to an elevated standard of living via a huge trade imbalance. They also soak up a truly staggering amount of public debt, again allowing us to avoid hard choices.
This debt is dollar denominated so what are these soverign wealth funds supposed to do with their greenbacks? Stack them in a safe and let them mold? Nope, if you’ve got a glut of dollars, you might as well purchase US assets that can give some kind of return.
Of course, I wouldn’t put my money into Shitty-bank, Blackstone or the half-assed financial middlemen of Wall Street. But if the Saudis and Chinese feel like doing so, it will wind up about as well as the Japanese did with their big RE purchases in the late 80’s.
-
February 13, 2008 at 3:03 PM #153155Guest
I don’t know why this is a surprise. Foreign governments have allowed the US to finance its way to an elevated standard of living via a huge trade imbalance. They also soak up a truly staggering amount of public debt, again allowing us to avoid hard choices.
This debt is dollar denominated so what are these soverign wealth funds supposed to do with their greenbacks? Stack them in a safe and let them mold? Nope, if you’ve got a glut of dollars, you might as well purchase US assets that can give some kind of return.
Of course, I wouldn’t put my money into Shitty-bank, Blackstone or the half-assed financial middlemen of Wall Street. But if the Saudis and Chinese feel like doing so, it will wind up about as well as the Japanese did with their big RE purchases in the late 80’s.
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March 4, 2008 at 9:59 AM #163932
Coronita
ParticipantOh, what the hell, I grabbed a few additional shares of BAC and some shares of Citi(shxtty)bank.
If I loose money, so do the UAE soverign funds. Game on.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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March 4, 2008 at 9:59 AM #164243Participant
Oh, what the hell, I grabbed a few additional shares of BAC and some shares of Citi(shxtty)bank.
If I loose money, so do the UAE soverign funds. Game on.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
March 4, 2008 at 9:59 AM #164255Participant
Oh, what the hell, I grabbed a few additional shares of BAC and some shares of Citi(shxtty)bank.
If I loose money, so do the UAE soverign funds. Game on.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
March 4, 2008 at 9:59 AM #164262Participant
Oh, what the hell, I grabbed a few additional shares of BAC and some shares of Citi(shxtty)bank.
If I loose money, so do the UAE soverign funds. Game on.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
March 4, 2008 at 9:59 AM #164346Participant
Oh, what the hell, I grabbed a few additional shares of BAC and some shares of Citi(shxtty)bank.
If I loose money, so do the UAE soverign funds. Game on.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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