US concerned by increase in sovereign wealth funds
US concerned by increase in sovereign wealth funds
Government-controlled investment funds are putting strains on U.S. regulators and the market-based system, according to Securities and Exchange Commission Chairman Christopher Cox. Cox said an increase in sovereign wealth funds and state-controlled publicly traded companies "challenges us to ask whether these many benefits of markets and private ownership will be threatened if government ownership in the economy ... becomes more significant -- or whether, alternatively, the world will be better off."
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posted by Victor Lloyd Smith @ 3:32 PM
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