Anorak Scoops Washington Post On Sovereign Funds Debt
by Anorak | 25th, September 2008
FIVE days ago Anorak reader Chenier doubted whether the US could:
“persuade the sovereign funds, which are about the only source of that much capital, that they should throw yet more good money after bad”
The Washington Post has finally noticed, and reports today that
“…the sovereign wealth funds of Asian and oil-rich Middle Eastern nations, which have come to the rescue of U.S. firms before only to see these investments erode, showed little interest in taking a similar gamble”.
What odds Manchester City owning Manchesterr United’s sponsors..?
Posted: 25th, September 2008 | In: Money Comments (4) | TrackBack | Permalink
