Sovereign Wealth Funds

Now I ask you: If you got screwed by the U.S. housing market as badly as Norway was, would you even think about investing more money in American real estate? And, if you were another country and saw what happened between Norway and the United States, would you be anxious to open your own reserves...

When the Abu Dhabi Investment Authority struck a deal with Citigroup in 2007 to buy $7.5 billion in equity shares in exchange for an 11 percent dividend, it agreed to convert those shares into common stock later. Now, with Citi's stock below $4, the $30-plus per share Abu Dhabi agreed to pay is looking like a really bad bargain.

Citigroup's (C) stock plunged today after announcing it reached a deal to boost the U.S. government's stake in the beleaguered bank to as much as 36 percent. But despite the agreement, CEO Vikram Pandit said during a conference call with analysts he will continue to "run Citi for the...