China Buys Wall Street

Be sure to read all of this one. China’s been on a shopping spree lately, and their favorite store is Wall Street. Before too long, they could own the place. Why, it’s almost like our ‘housing meltdown’ was planned. — PID

December 27, 2007 (FORBES.COM) — The subprime mortgage problem has now yielded a full-blown credit squeeze on Wall Street with securities firms’ stock prices at fire-sale levels. The new fire-sale buyers are the so-called sovereign wealth funds, and China’s are the most prominent. Full Report