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Why SWFs will not fix the western financial mess

Sunday, December 16, 2007

There are some pretty big claims being made these days for sovereign wealth funds, or SWFs. They represent a fundamental shift in the global balance of power. They are going to galvanise world equity markets as they shift their enormous firepower out of bonds. And they are riding to the rescue of the western banking system. None of these would be a bad thing, and the last would be positively ...
From: news.yahoo.com

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