Sovereign Funds & the decline of American Finance Captilaism

No one would think it odd that Saudi Arabia with its vast oil wealth which it uses to fund everything from soup to nuts and fosters and encourages the spread of an extreme Islamic fundamentalism which has spawned Al Qaeda & its clones, is going to set up a sovereign fund. The oil kingdom's fund will dwarf Abu Dahbi's which floats in the financial stratosophere of some us$900bn, some of which has gone to help Citibank, the world's largest bank, weather the subprime mortgage swamp it gladly entered to bilk its wealthy investors and pray on the financially weak, for usurious rates of profit and fat bonuses. But the real surprise is the city state of Singapore's Temesak [its old Malay name for the land of the Merlion]. Singapore's mighty dollar brought about the fall of the Thai government, and sent its leader in permanent exile in London, on the heels of a military coup. Mighty Singapore is the mouse who roars and has the wherewithal to flex its financial muscles. It has infused the Swiss banking house, much to its bankers regret, with SF11bn to support the stress and strain of self inflicted greed in the subprime market. And now, Temesak is in close discussions to give a transfusion of funds to Merrill Lynch that old white shoe investment banking house who is suffering from subprime gout. 18Brumaire spoke of Nayan Chandra [formerly of the Far Eastern Economic Review and how associated with one of many think tanks of the chattering classes] who muses on the lack of Asia's and Middle East's coming to the fore to stake its claim in the world markets. Well Chandra they do not need to, they are doing it already 'sotto voce', walking softly and carry a fat wallet.
The 'impoverished' wink, wink, wink American investment banking houses are selling off non voting per centage of ownership, they think. But the weight of such billions means influence for these sovereign funds have sharp eyes and are watching and counting their investments, and they won't stand for slack, corrupt behaviour which would turn a pence. As such the mighty American houses who set up the ponzi scheme which we all now know as 'subprime instruments', aided and abetted by the toilet room attendant of theirs Alan Greenspan and the feckless American government are surrending step by step power of theirs, and thus the infusion of these wealthy sovereign funds spells the decline of America's financial capitalism