SWF Radar

The Seeking Alpha blog writes that, “Investment banking is a relationship and sales business; SWFs representing their countries were probably returning a favor to Wall St. for issuing all the IPOs of their government-linked enterprises in the US financial market for the last couple of years. But once they realize they are the 1st round of suckers on this rip-off capital raising game, the relationship goes sour and it becomes difficult to squeeze more money out of their pocket in the future.”