Sovereign Fund

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sovereign fund

Foreign Sovereign Funds Turn Their Backs On The GSEs

Posted:Jul. 21, 2008
04:57 AM

Reuters reports the sovereign wealth fund of Kuwait, the KIA, will not be buying any more GSE debt. Exactly what Bernanke and Paulson were attempting to avoid last week, when they rushed to reassure the world the Fannie Mae and Freddie Mac debacle would not hurt investors, just happened.
Great…just great.
This is truly [...]

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