Imagine no sovereign funds

[Joelle]

Imagine no sovereign funds
      

A Bear Stearns-like meltdown in January?
That’s what the star banker who advised the fallen Wall Street bank on its sale to rival JPMorgan says would have happened if the much reviled sovereign wealth funds had not stepped in with so much cash last year.
“Imagine where we would have been in our financial system, if in November, [...]
         

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