Is Geithner trying to recruit “private investors” in the form of Sovereign Wealth Funds by threatening to devalue their significant stash of dollars with inflation?
Maybe We’ve Got Each Other By the Nuts… |
| By: emptywheel Wednesday February 11, 2009 5:48 am |
Is Geithner Planning on a Public-Private Partnership with the Sovereign Wealth Funds? |
| By: emptywheel Tuesday February 10, 2009 12:09 pm |
Tim Geithner used the gimmick of a public-private partnership to avoid nationalizing the banks today. But that gimmick may well depend on the continued investment from Sovereign Wealth Funds–the investment arms of nations like China, Saudi Arabia, Singapore, Kuwait, South Korea, and UAE. That seems to present many more potential problems down the road.


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