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With a gasping economy to deal with, Bush administration is opening up to investment from abroad. It is also proactively asking US big and small corporations to seize the opportunities to rebuild their equity fast. Recently, Temasek Holdings, an investment wing of Singapore government became largest shareholder in crumbling Merrill Lynch, which is finding desperate ways to revive from the collapse of housing related debt. There are also funds flowing in from China and UAE. Asia and Middle East based sovereign wealth funds has helped bail out companies like Citigroup and Morgan Stanley, which were also down by sub-prime crisis.

 

Do we have a national security issue here, an average America may ask. As per reply from White House, there is nothing to be worried about. As a matter of policy the United States is open to foreign investment and it welcomes it when overseas investors prefer to invest in US firms than others. It would be a concern if they don’t do so.

Singapore's Temasek confirms Merrill Lynch stake