Scouring the ruins of the mortgage crisis

Oil $$$ comes home! This is not a bad thing! Just the result of the US addiction to imported oil, the falling dollar, and the subprime crisis!

Citigroup to sell $7.5 billion stake to Abu Dhabi

Intro:

Citigroup Inc (NYSE: C) is selling up to 4.9 percent of itself for $7.5 billion to the Gulf Arab emirate of Abu Dhabi, giving the largest U.S. bank fresh capital as it wrestles with the subprime mortgage crisis and the resignation of its chief executive.

More:

Abu Dhabi blazes trail with Citi deal

Excerpt:

A $7.5 billion Abu Dhabi deal to buy Citigroup Inc (C.N: Quote, Profile, Research) shares may have created a model for acquisitions by Gulf and other emerging-market investors scouring the ruins of the U.S. mortgage crisis for bargains.