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Stuart A. Jackson on Last Week's Poll

'I thought more people would appreciate the inherent danger.'

By Casey Freeman | Updated on June 20, 2008

Sovereign-Wealth Funds Are:

The Abu Dhabi Investment Council announced it was in talks last week to buy a 75% stake in the Chrysler Building. Some New Yorkers were up in arms about the selling of a landmark building to a sovereign-wealth fund, but more than half (56%) of our readers were somewhat complacent about the news. A little more than a quarter (26%) of poll-takers believe this overseas money is just a fad, while 17% feel this is a serious threat to national security. Stuart A. Jackson, managing partner of Maidman and Mittelman, was nice enough to give us his views on these foreign investments on US soil.

“I am surprised that 56% say ‘They are here to stay.’ I thought more people would appreciate the danger inherent in allowing some foreign countries the opportunity to buy major assets in the US.

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