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Are Sovereign Wealth Funds A Threat?

Law360 (March 31, 2008, 12:00 AM EDT) -- A great deal of attention has focused recently on investments by “sovereign wealth funds” (SWFs) in the United States, particularly in banks and investment firms. SWF transactions regularly make headlines, at least in the business pages, and Congress has held three hearings on the subject since Nov. 2007.[1]

What is all the fuss about? These investors have poured tens of billions of dollars into some of the biggest and most prestigious U.S. financial institutions, which sorely needed the cash infusions. This would seem clearly to be...
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