Economist and money advisor Ed Yardeni has a nice table in his latest newsletter on the buying spree by the sovereign wealth funds. This is only the beginning.

1) CIC made a $5 billion investment in Morgan Stanley.

2) Merrill Lynch received a $5 billion cash infusion from Singapore's state-owned Temasek Holdings.

3) ADIA bought a $7.5 billion stake in Citigroup.

4) China's government-controlled Citic Securities paid $1 billion for 6% of Bear Stearns, which invested the same amount in the Chinese investment bank.

5) UBS boosted its capital base by $11.5 billion from Government of Singapore Investment Corp. and an unidentified Middle Eastern investor by selling them bonds that will convert into shares.