| 19.08.2009 - Cramer’s advice for SWFs |
| From Cnbc.com: Cramer recommended the sovereign wealth funds follow the same strategy as Saudi Arabia’s Prince Al-Waleed during the savings-and-loan crisis: Use the volatility in the US banking sector to buy a solid company on the cheap. Cramer assumed the US government, which owns a 34% stake in Citigroup, would be willing to sell its holdings to a foreign bidder..........Full Article: Source |