Merrill Lynch is in the news today. It will receive an equity-cash infusion of $6.2 billion from Sinapore's Temasek Holdings. Temasek is a sovereign wealth fund. That is defined as a fund which is managed by a foreign country. Merrill's transaction follows other recent investments from China, Dubai, Saudi Arabia and Abu Dhabi into equity investments of other ailing, cash-strapped institutions.
Gee, where's Israel when you need her? I guess Israel's game is to only take cash and give the finger in return. But with real money coming from other countries to prop up our financial errors it will naturally follow that Israel's power in our government will be challenged by these same foreign countries on other issues including the middle east. It's about time.
No comments:
Post a Comment