February 12, 1975 (vol. 85, iss. 111) • Page Image 4
….fir L Ifpiga D Eighty-four years of editorial freedom Edited and managed by students at the University of Michigan Wednesday, February 12, 1975 News Phone: 764-0552 420 Maynard St., Ann Arbor, Mi…
… change this attitude and see that such a "mistake" never happens again. -THE DAILY STAFF Ask By PATRICIA FLYNN INSTEAD OF depositing their money in U.S. banks, oil rich Arabs are now buying the banks - or…
… enthusiastically wel- comes his capital. THE PUBLIC outcry against the in- flux of Arab money and the influence that goes with it has certainly not gone unnoticed by other Arab investors, who are already wary of…
… the shareholder's best interest, the ;ques- tion of Arab control of the city's largest and oldest local bank was clearly on everyone's mind. In the midst of the heated controversy, one bank director…
… about coming into U.S. busi- ness. They fear their holdings could be targets for retaliation against oil pricing policies. And, although anxious to convert their dollars into real assets, the Arabs are…
… abroad. And as one administration official put it, a growing Arab investment stake in this country is likely to make them more "responsible" in their behavior. THE CURRENT domestic credit crunch is another…
… reason to welcome Arab capitalists - both government and business would like to see some of the aproximately $9 billion the Arabs de- posited in U.S. banks and Treasury bonds last year channeled instead…
… into direct 'SCOtS investments. Arab investments, says As- sistant Treasury Secretary Gerald Par- sky, should be seen "not as a threat but, to the contrary, an important oppor- tunity." This point has…
… not been missed by U.S. businessmen, such as Henry Ford II, who is known to be seeking Arab financing for a huge apartment-hotel-of- fice complex planned for the center of Detroit. Ford, in fact, was…
… the deal. Pharaon has said that he would like to use the bank to channel Arab money into this country, Q ; > s U.S. investments in the Mid- dle East. "Khashoggi does a lucra- tive business in the Middle…




















