Drash: Ironic, isn’t it, that Mr. Bush and his administration are waging perhaps the costliest of all wars in US history, morally and economically bringing the USA to the point of bankruptcy, all for the sake of creating yet another Arab state hostile to Jews and Christians. And now it is the Arabs who are coming here to shore up the sagging economy and keep the machine running…. These are strange times, chaverim.
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DUBAI/LONDON (Reuters) – A $7.5 billion Abu Dhabi deal to buy Citigroup Inc (C.N: Quote, Profile, Research) shares may have created a model for acquisitions by Gulf and other emerging-market investors scouring the ruins of the U.S. mortgage crisis for bargains.
The Abu Dhabi Investment Authority (ADIA) sought no role in managing Citi, allowing the world’s wealthiest sovereign fund to invest as a saviour of the largest U.S. bank without the risk of being perceived in the United States as an Arab predator.
to invest as a saviour of the largest U.S. bank…
Investors from Dubai to China could be considering similar deals with cash-strapped U.S. banks, hoping to ride a recovery in their stocks and avoid the political barriers that could have been thrust in their path in better times, analysts said.