Can someone tell me why something like this is happening? Why is our government allowing a Communist Country to do this? And why is China using the U.S. Treasury Department's Public-Private Investment Program to fund the investments, as stated below? Does this mean that people who rent will now have Communist China as a landlord? Why isn't the current Administration helping Americans??? Why is the current Administration empowering Communist China on our soil and not empowering Americans in property ownership? We have a right to know!!

Here is the article from "Money News:"

http://moneynews.newsmax.com/financenew ... ode=886D-1

China Ramps Up To Buy Cheap U.S. Real Estate

Thursday, September 10, 2009 3:29 PM
By: Julie Crawshaw and Dan Weil

China Investment Corporation, China's $300 billion sovereign-wealth fund (SWF), is preparing to buy distressed U.S. real estate assets.

It will do so using the U.S. Treasury Department’s Public-Private Investment Program (PPIP) to fund the investments, reports the Wall Street Journal.

Meanwhile, several Chinese officials warned that Wall Street isn’t taking the recession seriously, and that much more pain is in store for U.S. investors in the near term.

The PPIP program, which limits investments by any single investor to no more than 9.9 percent of each fund, is designed to help U.S. banks get rid of toxic mortgage assets by financing investors’ purchases of such securities.

CIC officials reportedly have held talks with U.S. private-equity fund managers, including BlackRock, Invesco, and Lone Star Funds, about buying securities backed by office buildings, hotels, strip malls and other commercial property, and about buying ownership interests in buildings as well.

Though CIC spent only $4.8 billion in global financial markets last year, it invested that much in a single month recently, CIC Chairman Lou Jiwei said last month.

He said that if future returns are good enough, it might ask the government to let it invest more of China's $2.132 trillion foreign-exchange reserves.

CIC recently invested in a real-estate trust in Australia and in an owner and developer of office towers and retail stores in London.

The SWF also is considering investing in Hollywood production firms, the Times of London reports.

The move could give Beijing a direct stake in a variety of foreign media content "from South Korean television dramas and Japanese game shows to Hollywood blockbusters.â€