BUSINESS & ECONOMICS

Bailouts of Merrill Lynch and Citigroup by sovereign wealth funds.

Uploaded on 01/18/2008
The staggering losses to US financial giants Merrill Lynch and Citigroup and others tied to the sub-prime mortgage fiasco seems to indicate enormously poor management of such institutions, especially when their CEOs have received historically generous compensation packages.  The subsequent cash infusions by foreign soverign wealth funds and government investors may hold the line on further losses, and may be indicative of a new and workable globalism in financials, but is there a risk involved in obtaining immediate liquidity from the hands of foreign government investors?
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