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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Foreign SWFs helping U.S. in crisis

Posted on 07 October 2008

From Washingtontimes.com: Help for troubled American financial companies came earlier this year from an unlikely source - the same sovereign wealth funds (SWFs) that many have decried as a threat to U.S. economic independence. Recently, however, the funding has dried up.

The credit crisis that prompted lawmakers and the Bush administration to take up an unprecedented $700 billion rescue package last week could have been much worse if not for the huge injections of capital into U.S. financial companies from the foreign-owned wealth funds at the end of last year and earlier this year, according to financiers and economists…… Full Article: Source


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