Wednesday, February 27, 2008
Guerilla Theater at Treasury
The WSJ had a lengthy article on 26 February about opening sovereign wealth funds to outside scrutiny. In reading it I thought these "negotiations" about things like "best practices" were a sham and form of guerilla theater. Yves Smith (YS) has a nice post on this at http://www.nakedcapitalism.com/ on 26 February 2008. I have nothing to add to YS's comments.