January 25, 2008
SWFs and Political Acceptance
Politicians, academics and the general public will at some time perhaps debate the effect sovereign wealth funds are likely to have both on the companies they are investing in and more generally the U.S. economy, but to date all have been quiet as the SWFs have provided the funds that big financial institutions like Merrill Lynch and Citigroup need to repair their bad business decisions. The Wall St. Journal addresses some of the longterm implications and the well-funded lobbying campaign that, since the 2006 Dubai Port's failed attempt to invest in a U.S. port operator, has worked to make foreign investments acceptable. WSJ, Lobbyists Smoothed the Way For a Spate of Foreign Deals.
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