Aug 28, 2010

Zombie Stank (GCC Banks?)! ........

Applies to many GCC banks as well



2 comments:

  1. Too true
    Kinda reminds me of when Mahmoud Haidar Dehdari made bad trades in the currency market and used GULF BANK money and took the whole bank down with him. It was bailed out because it was "too big" to fall which is bs. It simply meant that others would lose money and in Kuwait we have an overlap in economic & political power which by the way is explicitely prohibited by the clear letter of the law not that Kuwait enforces it's laws. It's only public money. Why not use it to suppliment ours. Of course when there is a general acceptance of the free for all attutude and a bad leadership compounded with the general publics inability to deal with and/or unawareness of the problem then you have the huge conflict of interest we know as Kuwait... conflict of interest for us of course, for them it couldn't be better

    btw, sucking Kuwait dry is nothing new but rather a family tradition for many. The only difference is that before we could afford it but now it's getting to th epoint where we litterally can not and that is what's freaking people out, including the ones stealing

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  2. brother I think you and I are ridding the same wave.

    I have been following your blog for a while now.
    I wish someone like you would be taking a larger role in political life - you care more than many and you are smart.

    having said that: I ask what is a realistic solution?

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