Foreign money bailout 2

Well, I said it last time and sure enough, here it is.

 

 

  • Who is Sheikh Ahmed Bin Zayed Al Nahayan? He's the Managing Director of ADIA, which is the investment arm of the Abu Dhabi government. (Considered the richest city in the world, and, along with Dubai, is one of the seven United Arab Emirates.) They are buying $7.5 billion of CitGroup's stock. As a result of the deal, the investment authority known as ADIA will become one of Citigroup's largest shareholders, with a stake of no more than 4.9%. The stake will exceed that of Saudi Prince Alwaleed bin Talal, long known as one of Citigroup's largest shareholders.

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     Where do we go from here?    Canada?

     

    1 Comments on Foreign money bailout 2

    Saudi investment this year alone has already surpassed all investments dollars between 1990 and 2006 combined. They ain't stopin' now. Expect more soon. Fannie, Freddie just put out 6 Billion in preferred stock on the market. Who do you think will be the major player?....exaaaaaactly.

    11/28/2007 03:04 PM by Michael Tarabotto (Certified Appraiser) Santa Clarita, San Fernando, Westside (California Appraisal Solutions Corp.)

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    Account Exec: Ron Avneri (Wachovia National Wholesale AE) Seattle, Wa (Wachovia/World Savings)
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