In an audition for the role of villain in the world's financial markets, sovereign wealth funds would have pushed sub-prime mortgages close in recent months. Huge, government-controlled investment pools from Abu Dhabi to China have helped to rescue Wall Street banks left short by the credit crisis and still managed to leave Western governments feeling spooked. Their worry: the funds swollen with foreign-currency reserves or billions in profits from oil and gas might be hiding dark political motives behind fuzzy financial aims.
It's an easy fear to hype, given how opaque these funds...
To continue reading:
or
Log-In
