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Arab investments threaten U S financial system say economists
A report by the American Jewish Congress warns Arab investors could cripple U S financial institutions and influence foreign policy. It estimates oil money from Saudi Arabia Kuwait and the UAE invested in the United States between 1974 and 1977 at 50 to 60 billion dollars and urges federal officials to monitor investments and curb Treasury securities sales.
MENTIONED IN THIS ARTICLE
Cambridge, Mass
American Jewish Congress
United States
Saudi Arabia
Kuwait
United Arab Emirates
Robert R. Nathan
Louis J. Walinsky