"These days it seems as if just about every profit-challenged U.S.
company is rushing hat-in-hand to the Persian Gulf, China or other parts of the world looking for investors. Those investors are often foreign governments that have created gargantuan funds to invest the dollars they've accumulated by exporting oil, electronics and other products to the USA.
Companies such as Citigroup and Merrill, of course, wouldn't need
foreign bailouts if they hadn't made reckless lending and investment
decisions in the first place. And sovereign wealth funds wouldn't be
overflowing with dollars if not for the United States' unsustainable trade and budget deficits, built on too much consumption and not enough saving."
http://news.yahoo.com/s/usatoday/20080121/cm_usatoday/ourviewonsovereign...
and bought up half of Manhattan.