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Uploaded on Feb 15, 2008
30 Important Facts All U.S. Debt Slaves Should Know.
"If you've got a problem with New York City being the capital of the world, take it up with the Pope." - Rudolph Guiliani, Mayor of New York, husband to his cousin Regina Peruggi and Knight of the British Empire from Queen Elizabeth II in 2002. http://www.barnesandnoble.com/w/the-q...
October 20, 2007, 10:17 am Paulson: IMF Should Take Lead On Sovereign Wealth Funds The International Monetary Fund should take the lead in developing guidelines and best practices for sovereign wealth funds, U.S. Treasury Secretary Henry Paulson said Saturday.
Paulson The IMF is uniquely positioned to identify best practices for sovereign wealth funds, building on existing guidelines for foreign exchange management, Mr. Paulson said in the text of remarks to be delivered before the IMFs policy-steering committee, which is convening as part of the annual meeting of the IMF — and its sister organization the World Bank — in Washington this weekend.
Sovereign wealth funds, government-owned pools of capital, have attracted attention of policy-makers as the size of their assets has exploded and their activity in equity investment has grown. Developed countries, the recipients of much of the investment from sovereign wealth funds, are worried growing cross-border investment could feed protectionism. They want the funds to commit to transparency and market-based investment principles. Elizabeth Price