Chinas investment in Blackstone Essay Example | Topics and Well Written Essays - 1250 words

Chinas investment in Blackstone - Essay ExampleGovernments drop this method to secure the domestic market for liquidation. This implies that these assets are of full(prenominal)ly liquidated nature and can be altered easily.The oil-producing countries have also come within its grip and are losing or rather investing their wealth in such funds. A company adopted a similar approach in the oil commodity. They then invested their wealth in holding bonds, bank deposits in a similar pattern alike(p) central banks.The alarming fact is that no company discloses the application of the funds except for the ones in Norway that grant regular data and statistics. It may be possible that these mysteriously applied investments will be very well lost in the future with no accountability.It happened in one of a developing earth wherein a mushroom growth took place in the early eighties. These investment companies conned the unsuspecting humankind and lured them by promising huge percentage o n their investments. The Government kept silent and this approach encouraged the high profit paying companies to get bolder and bolder till the public was convinced to accept them as legitimate companies. The chore further compounded due to no action by the State Bank. The margin of profits change magnitude as the public committed their funds by selling their immovable assets.All cate All categories of pile brought in their investment to these companies expecting a higher return on their deposits. Advertisements in each and every newspaper publisher further cemented the authenticity and indisputable legitimacy of these fraudsters. The profits were rolled over and the depositors received their profits on monthly basis, basking in the realm that a good investment had been made. The bubble burst when the government established that the funds were been diverted from the scheduled bank and the treasury of the Government was fast losing money to these con artists. No sooner was the a ction interpreted and people in droves started to approach the managers of these companies for the return of their deposits that true facts started to stare in their faces.The higher ups evaded the public on rush to their offices and let the lower staff make excuses on their part. The public scenting fraud approached the jurisprudence and cases were registered with them. Company after company stared to disappear with the savings of the unsuspecting depositors. Huge rallies were taken out to protest against the inaction of the and for the return of their savings, but all to no avail. The Government seemed helpless and the police in cahoots with the company owners further complicated the issue. Only resourceful people with clout were able to unpack out some of their savings from these fraudsters. All the rest were left with taking out processions and pleas. Suits were filed in courts and the lengthy, inept legal battle did little for the return of the poor common man.Nevertheless, s ince these funds are applied overseas so it can be controlled by political pressure and the consequences of these investments may have to be set about by the countries involved. Reference listEconomistFinance & Economics The worlds most expensive clubs www.Economist.com May 24, 2007 Hong Kong denomination 2 Cleaning upOr Clean Environment - a Global ConcernThe thought of