August 17, 2009

China SWF to Invest Billion$ in USA Mortgages

Beijing's sovereign wealth fund, the China Investment Corporation, plans to invest around $2 billion (US dollars) cash in FDIC insured mortgages (no information whether residential or commercial) via Washington's PPIP (Public-Private Investment Plan) initiative.....

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Barry Ritholtz wrote about this on this blog today. Some interesting opinions check it out:
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