Sovereign Wealth Funds: Foreign Policy in Era of New Money (where does that oil $$ go?)

[Muttocracy]

http://foreign.senate.gov/hearings/2008/hrg080611a.html

Hearing was Wednesday, video is up now. Video archive at the top link on that page, hearing starts about 18:30 minutes into the tape.

SOVEREIGN WEALTH FUNDS: FOREIGN POLICY CONSEQUENCES IN AN ERA OF NEW MONEY

HEARING before the

COMMITTEE ON FOREIGN RELATIONS
UNITED STATES SENATE
ONE HUNDRED TENTH CONGRESS
SECOND SESSION
Wednesday, June 11, 2008
Time: 9:30 A.M.
Place: 419 Dirksen Senate Office Building
Presiding: Senator Biden
Senator Lugar's Opening Statement

Witnesses:
+Dr. Jagdish Bhagwati
Professor, Law and Economics, Columbia University,
Senior Fellow, International Economics,
Council on Foreign Relations
New York, NY
+Dr. Daniel W. Drezner
Professor of International Politics
Fletcher School of Law and Diplomacy
Tufts University
Boston, MA
+Mr. David Marchick
Managing Director
and Global Head of Regulatory Affairs
The Carlyle Group
Washington, DC

[Muttocracy]

1. can anyone give me the short story on Carlyle Group? I thinking Baker, Bush I, etc. nt