Russian President Vladimir Putin and his officials will channel cash from the fund into state-controlled companies like Gazprom and Lukoil (other-otc: LUKOY - news - people ) to make acquisitions.
Nor did it save U.K. hedge fund Northern Rock, Netherlands-based hedge fund Carlyle Capital or U.S. subprime lender New Century Financial (other-otc: CYFL.PK - news - people ).