Issue 5 - 14 Aug 1979
An inconclusive three-day subcommittee hearing in the House of Representatives into the question of OPEC investment in the United States has perceptibly angered the Saudis. Even Congress' General Accounting Office (GAO) admitted that OPEC funds posed no real threat to the American economy or banks, although it questioned the fact that these countries' holdings are not individually disclosed.
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