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First we send them our money...............

Now we need it back. Or should I say swap it for our assets. Yes, China has a lot of good old us Green Backs. And tonight CNBC has announced that China's CITIC is talking to Morgan Stanley about a take over. Our institution, which were the flag ships of the world are now being sucked up by our trading partners who have surplus dollars. In my last blog earlier today I was waiting for this to start.

Next will be the Arab states, however they normally only take a part interest in a firm. They don't want to run the companies. The fact is we need the money back in exchange for the assets. Our government is encouraging China to do this kind of thing.

Let us hope they do it quickly and decisive enough to liquefy our markets and create some confidence.

Richard

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Posted by Richard Stabile Bergen County New Homes Builder Realtor on 09/17/2008 09:10 PM

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1 Comments on First we send them our money...............

CNBC reported this morning 9/22/2008 that the sovereign funds, Mideast oil producers are looking at buying hard real estate assets in the US.

They are as of now not included in the bail out plan, however if they send their money here it will help liquidity just the same.

Richard

09/22/2008 09:54 AM

by Richard Stabile Bergen County New Homes Builder Realtor (REMAX real estate associates)

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