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Article: Sovereign wealth funds call for vigilance and calmness
- Article from:
- Inland Valley Daily Bulletin
- Article date:
- February 3, 2008
- Author:
CopyrightCopyright 2008 Inland Valley Daily Bulletin. Provided by ProQuest LLC. (Hide copyright information)
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Although Americans are alarmed by the credit crisis currently
convulsing the economy, they are sensibly placid about one
consequence of the crisis. It is the substantial investment by
sovereign wealth funds - government owned and run investment funds -
in financial institutions needing infusions of cash.
Remember the patriotic ruckus in 1989 when private Japanese
investors bought Rockefeller Center? Remember the frenzied
opposition two years ago to the attempt by a company owned by the
government of Dubai to become the operator of some U.S. ports? Last
month, there was no comparable anxiety when the sovereign wealth