TPG to Sell Stake to Kuwait, Singapore Sovereign-Wealth Funds
This is interesting -
http://online.wsj.com/article/SB10001424052748703…
In view of this -
(Larry Summers had criticisized SWFs in 2007)
http://www.ft.com/cms/s/2/bb8f50b8-3dcc-11dc-8f6a-0000779fd2ac.html#axzz1IIOz44dh
Especially the following part -
Apart from the question of what foreign stakes would mean for companies, there is the additional question of what they might mean for host governments. What about the day when a country joins some “coalition of the willing” and asks the US president to support a tax break for a company in which it has invested? Or when a decision has to be made about whether to bail out a company, much of whose debt is held by an ally’s central bank ?
What do you guys think ? How realistic is this risk of SWFs misusing (???) their "..." ?
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