'60 Minutes' Attacks Sovereign Wealth Funds with Unlikely Scenarios

April 7th, 2008 3:00 PM
Panicky protectionists are predicting some unsavory possibilities for the U.S. economy thanks to emerging foreign economies with newly created wealth to invest. Although they're unlikely possibilities, CBS's April 6 "60 Minutes" delved into the potential threat one Chinese sovereign wealth fund might pose to the American economy. "All together, the sovereign wealth funds of countries like Abu…