America is pimping itself to the world for cash. Banks have gone begging for money to patch up the mess they've created with easy credit that fueled the real estate money grab. If other nations don't like something about America, they can simply buy us and change it...beginning with the financials.
(1) Abu Dhabi Investment Authority buying a 4.9% stake in Citigroup Inc. for $7.5 billion
(2) Chinese investment fund's $5 billion stake in Morgan Stanley
(3) Singapore government-owned investment company's $6.2 Billion stake in Merrill Lynch
(4) Merrill Lynch currently in talks with Chinese and Middle Eastern government-sponsored investment funds to sell off ANOTHER big stake in company.
For Christmas, I received a small 2008 calendar from a trout fishing resort I visited this year. On the bottom of the page was written "Printed in the U.S.A" -- it was kinda nice to see.
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not to mention the department of commerce's recent elimination of certain processes to prevent american technology and patents from reaching the hands of the chinese military industrial complex. anything for a buck huh?
from reuters:
The program increases the risk American goods will be illicitly sold to Syria or Iran or help China improve its armed forces, the Wisconsin Project on Nuclear Arms Control said in a report.
Two of five companies selected in October for the plan have close ties "to China's military industrial complex or to companies that have been punished by the U.S. government for proliferation or other improper export behavior," the report said.
"In view of the failure of the selection process to safeguard U.S. national security, the Commerce Department should suspend the Validated End-User program pending a Government Accountability Office (GAO) investigation," the research group, which opposes the spread of nuclear, chemical and biological weapons, said.
A U.S. Commerce Department official defended the program and said it was part of a broader initiative in June imposing new export controls on about 20 categories of high-tech goods that could be used by China's rapidly expanding military.
Commerce created the scheme, which allows approved companies in China to import certain high-tech goods for civilian uses without obtaining individual export licenses, to address U.S. firms' concerns about being locked out of the fast-growing market.