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Ditch those Citigroup credit cards!
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This is sort of a good news/bad news thing. Citigroup was in trouble, partly due to the marginal housing loans they had made, to non-credit worthy people, and if they had gone down, it might have triggered a recession.
The Emirates, while providing some support, indirectly, to terrorists, are in the rookie leagues compared to Saudi Arabia or Iran.
Also see: Petrodollars on Wall Street and Citigroup to Raise $7.5 Billion From Abu Dhabi State (Update5).
The petrodollar invasion isn’t just Citigroup – it’s also Carlyle Group, HSBC Holdings Plc, Och-Ziff Capital Management LLC, and Leon Black’s New York-based buyout firm, Apollo Management LP. Read the links for details about whom to boycott!
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