Wednesday, October 24, 2007

Sovereign wealth funds: Call for better accountability


Sovereign wealth funds have hit public consciousness this year, and not just among central bankers and finance ministers at the annual meeting of the International Monetary Fund.

When Homer Simpson and his family arrive in Alaska in The Simpsons Movie , they are greeted at the border with: "Welcome to Alaska. Here's $1,000. We pay everyone in Alaska to let us destroy the environment."

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