Thread: Citigroup $7.5B Sale to Abu Dhabi Raises Concerns

Citigroup $7.5B Sale to Abu Dhabi Raises Concerns

http://www.foxbusiness.com/markets/indu ... 762_9.html

Ken Sweet
FOXBusiness


SmarTrend(R) Market Wrap-Up -- November 27, 2007
SmarTrend(R) MidDay Market Recap -- November 27, 2007


The good news for Citigroup is that it just got a $7.5 billion extension on its credit card. The bad news is that it comes with an 11% interest rate.


Middle Eastern investment firm Abu Dhabi Investment Management's $7.5 billion investment in Citigroup (C: 30.26, +0.46, +1.54%), the world’s largest bank, underscores how sick Citigroup is, some analysts and investors said Tuesday.

“Citi’s situation is becoming almost comical,â€

And now how much control does Abu Dhabi have over this bank, and in turn, how much control does Abu Dhabi have over American citizens?

W

Originally Posted by ALIPAC

And now how much control does Abu Dhabi have over this bank, and in turn, how much control does Abu Dhabi have over American citizens?

W

They'll be holding a hell of alot of Mortgages and if i remember correctly, the same group Abu Dhabi was looking to buy 10% of the Nasdaq up not too long ago but the FTC didn't approve it yet. This is real bad news.

Edit: Also the port deal as well

People far far away, out to make a buck, and they could care less if Americans choke, suffer, or die as long as they make their $$$$.

How could we ever hold them to justice for crimes or mistreatment of Americans?

W

Im glad Lou Dobbs brought attention to this tonight. We are being bought up lock stock and barrel at a terrifying rate. Just Red China alone holds over 1 Trillion Dollars of American Debt and has recently threatened to drop the Dollar in favor of the Euro because of the Dollars plunge. Mean while the Arabs useing Hundreds of Billions in Oil Revenues are buying up our stratigic Infrastructure, High Tech Industries and our Bank Exchange Institutions. You might say our country is under siege right now.