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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment, Market

Be nice to the countries that lend you money

Posted on 10 December 2008

From Theatlantic.com: Americans know that China has financed much of their nation’s public and private debt. During the presidential campaign, Barack Obama and John McCain generally agreed on the peril of borrowing so heavily from this one foreign source.

For instance, in their final debate, McCain warned about the “$10 trillion debt we’re giving to our kids, a half a trillion dollars we owe China,” and Obama said, “Nothing is more important than us no longer borrowing $700billion or more from China and sending it to Saudi Arabia.”…. Full Article: Source


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