Foreign Governments!!
No joking
See this, courtesy of Setser. From a Tuesday Wall Street Journal story on Citigroup’s efforts to raise common equity:
Citigroup officials hope to persuade private investors that have bought preferred shares — such as the Government of Singapore Investment Corp., Abu Dhabi Investment Authority and Kuwait Investment Authority — to follow the government’s lead in converting some of those stakes into common stock, according to people familiar with the matter.
Too freaking funny. All that hand-wringing about “nationalization”, and here we are begging the rest of the world to own the US financial system while we dither over semantics. Nationalization is taking place as we speak. Just not this nation.
Actually, not funny. Sad? Scary? Pathetic?
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