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Hempton basically argues that China has turned financial repression — controlled interest rates on deposits, which ensure a negative real rate of return — into a giant engine of kleptocracy.
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Owns controlling interest in bank.
Who controls interest rates is political.
Mr. Wissman bought a controlling interest in IMG in 2003.
The Koc family owns a controlling interest in Migros, the country's largest retailer.
George M. Steinbrenner 3rd, principal owner of the Yankees, co-owns a controlling interest in the YES Network.
It generally has one way to do this: it controls interest rates.
In the spring, a British investment firm, Malvern Maritime, bought a controlling interest in Renaissance.
George Gillett Jr. bought an 80percentt controlling interest in the Canadiens and 100percentt of the Molson Center for $178.3 million.
His family bought Reynolds & Reynolds in 1939 and maintained controlling interest in the company until 1992.
The company, based in Santa Monica, Calif., has also purchased controlling interest in an Internet company, MediaTrip.com.
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