Thursday, January 24, 2008

We Need Their Money

Not a great interview here, but an important bottom line. We can whine and complain all we want about sovereign wealth funds (not that I think we should), but the bottom line here is "we need their money."

To my mind, I think it is better SWFs invest in US assets than try to sell US currency for something of higher value (not that they would, of course, because doing so would probably harm their own currencies that are pegged to the dollar.)

Here's a great (rhetorical) question, how did they get all this money to begin with? US savings.... anyone....?

We Need Their Money - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

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