Viewing a single comment thread. View all comments

dkran t1_iyf1i72 wrote

Reply to comment by seekknowledge4ever in The EU is looking at seizing $330 billion in frozen Russian assets and investing them — with any profits going to Ukraine by KeenlyFirst

I’m confused why the EU needs to invest it and give profits to Ukraine? Why not give Ukraine a better “from the start” bonus? Sounds like bankers wanting to work some numbers.

20

[deleted] t1_iyf6rur wrote

The main problem being no matter how the spend the profits if they were to truly invest that full amount they would have too much influence on the world economy and I guarantee the group in charge of that will not take into full account or care about the full scope of investing a large sum like that at once. Some asshole will end up with too much money and abuse the system on accident or purpose.

9

Greedyanda t1_iyfb2in wrote

Too much influence on the world economy?

Those 300 billion are barely 1/3 of Berkshire Hathaways invested assets. The Norwegian wealth fund alone is 1.2 trillion dollars. Vanguard holds 7.2 trillion under management. BlackRock holds 10 trillion dollars under management.

It's hardly anything noteworthy.

12

Geuji t1_iyfehju wrote

Warren had actually said that if he were to invest Berkshires money in a index fund that the fund would no longer represent the index

8