Friday, March 21, 2008

"The Bush administration won a commitment Thursday from two prominent foreign government investment funds to disavow “geopolitical goals” in their investments in the United States and elsewhere, a step the administration hoped would set an example for other funds. The commitment came from the so-called sovereign wealth funds controlled by the governments of Singapore and Abu Dhabi, which is part of the United Arab Emirates. Both funds have stepped up their American investments in the last year and played a major role in purchasing stakes in Citigroup." Geopolitical goal? What on earth is that? And how do you promise to forswear geopolitical goals?