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US Assets for sale!

Wisest of wise including Buffet have been warning US for long time that outsiders are going to own major stake in its instituions. This quiet comment seems to have brought that warning to fore. Ironically, it is US that is now asking to be taken over and assisted.

"China Investment Corp., the nation's $200 billion sovereign wealth fund, signaled it may invest in stocks rocked by subprime mortgage defaults.

``CIC wants to be a stabilizing force in the international capital markets,'' Chairman Lou Jiwei told a conference in Beijing today. He then cited a ``recent example'' in which a similar fund invested in a financial institution with subprime losses, without identifying the two parties.
Abu Dhabi Investment Authority this week agreed to buy a $7.5 billion stake in Citigroup Inc., helping the biggest U.S. bank by assets to bolster capital eroded by credit-market losses. China Investment, which began operations in September, was set up to help improve returns on China's $1.46 trillion of reserves. "

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