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Sovereign Wealth Funds

Sovereign wealth funds have bailed out some of Wall Streets biggest players. On January 15th the governments of Singapore, Kuwait and South Korea provided a $21 billion dollar bailout to Citigroup and Merrill Lynch, who had both posted large losses in the wake of the sub-prime fallout. Most recently there has been a backlash over allowing the Chinese sovereign wealth fund to own oil firms. But even as these financial giants are providing much needed cash to the markets, there are legitimate concerns about how these funds operate and their potential influence in the marketplace....