Thursday, January 24, 2008

A Question on Sovereign Wealth Funds

I have yet to get a good answer on this...

Can anyone tell me how Kuwait investing $10 billion in either Citigroup (C), Bank of America (BAC), Merrill Lynch (MER) or Morgan Stanley (MS) and owning in most cases less than 5% of the institution would enable them to enact any more "negative undue influence" than say China holding trillions of dollars of US treasuries gives them the ability to stonewall our goverment on trade, human rights, piracy etc....?

Todd Sullivan's- ValuePlays

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