SHANGHAI — With the world suffering through a massive credit crunch, China has suddenly gone shopping. Shareholders Unite
Foreign buyers set a record last year by purchasing $414 billion of U.S. assets - even more than they bought in the wonder year of 2000.Fortune
Hank Paulson, former Treasury Secretary was right. Buying up distressed properties was a good idea. TARP, ($700 billion Troubled Asset Relief Program) was supposed to buy properties in trouble, but alas, it didn’t happen. Instead, big investors in America, Australia and the UK are doing it for them. Fox Redistribution of wealth don't you know...
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