Title click to read this disturbing article. Or don't title click and be ground up into pellets for ethanol production when you die.
From Arabian Business.com
Excerpts from the article:
"SWFs are run by countries with large current account surpluses, notably in Asia and the Gulf, and designed to manage national wealth more actively.
The top SWFs now hold around $2.5 trillion in assets and the total size is expected to reach $12 trillion by 2015 - almost 10% of all financial sets in the world.
International concerns have centred on fears that the rapidly growing funds will allow foreign governments to gain control over key industries.
However, those concerns have not stopped major financial institutions in places like the US and Switzerland from turning to SWFs for extra capital in the wake of the subprime mortgage crisis."
Posts and Comments from Readers
Please include yourself in the discussion. Post a comment.
Wednesday, June 25, 2008
SAUDI SOVEREIGN WEALTH FUNDS: WE'RE SCREWED....
Labels:
SAUDI,
SOVEREIGN WEALTH FUND,
WHO AM I WORKING FOR?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment