Upon hearing of the Abu Dabi bail out of Citibank I sent a kneejerk email to the spouse that read something like this: the revolution will not be televised after all, once they own us they will no longer have use for terrorism. I know it is bad to generalize but.... This reaction was no doubt fueled as well by the indication the other day from a person in the know that one of the largest homebuilders in the US was about to be sold to middle eastern oil interests as well. It seems I am not the only one who raised an eyebrow. The spouse responded with this link:http://opinionjournal.com/editorial/feature.html?id=110010920 .
12/11/07 Post script. Now I learn that USB a very large Swiss Bank that is caught in the web of the subprime debacle is getting an injection of capital from the Middle East and China as concerns in those regions buy interests in the bank. Even the Swiss banks, once the bastion of isolated neutrality are succumbing. There is a bigger reason than the climate for weaning ourselves from the oil of the middle east.
No comments:
Post a Comment