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Banks lending money to governments to help fund bank bailouts looks horribly circular
Tuesday, April 1, 2008
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If the shoe was on the other foot, if these were sovereign wealth investors in France, Germany, the UK or the US earning fabulous returns, reducing national deficits, funding social security costs and investing into the rest of the world, would they think it was an issue? I suspect not
Simon Israel, executive director of Temasek, takes critics of the sovereign wealth funds head on