29.10.2008 - Plucky new wealth fund enters the fray
From FT: Will the largest US banks spend or hoard the $125bn made available by a plucky sovereign wealth fund? Unlike its Asian and Middle Eastern peers, the new entrant in the game of throwing money at the battered financial sector has not cloaked its identity in a three-letter acronym, opting for the more streamlined “US Treasury”. Like CIC (China Investment Corporation), KIA (Kuwait Investment Authority) and QIA (Qatar ... you get the idea), it has attached conditions to its disbursement of taxpayers’ money..... Full Article: Source