Most Overlooked Story of the Day: Kuwait Takes Money Elsewhere

Includes: FMCC, FNMA
by: Greg Newton


KUWAIT, July 17 (Reuters) - Kuwait's sovereign wealth fund is not GulfWarplanning to invest in any future agency debt of US mortgage giants [Phoney] (FNM) and [Fraudy] (FRE), the country's finance minister said on Thursday...Mustapha al-Shamali said the Kuwait Investment Authority [KIA] was considering boosting investments in Asia... 


Perhaps The Hank & Ben Show could go on the road and arrange for Iraq to invade Kuwait again. It worked out pretty well last time, with the better part of a decade's worth of oil carrying $10 and $20 handles.

Kuwait's KIA looking at Asia investment
Reuters Jul 17, 2008