Sep 182008
As someone who’s not directly involved in the financial market other than having a pension and a mortgage, this statement struck me as something we should be concerned about.
It’s a world in which the Chinese state, if it co-ordinated the investments of its cash-rich institutions, could end up owning more-or-less the entire financial system of the US and the UK.
from: the BBC
That’s the truth about a global economy, and the value of financial institutions plumeting due to the current credit crunch.
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