Given the “where’s my bailout” mentality held by many in this country, we imagine something like this could be pretty popular…
Bloomberg: At least half of the 50 elected lawmakers say they’ll back a plan for the government to buy all 6 billion dinars ($21 billion) of bank loans taken by Kuwaiti citizens to buy homes, cars, holidays and other purchases, write off interest payments and reschedule the rest. The government opposes the bailout. Parliament convenes on Oct. 27 after a four-month break.
“It’s my right as a citizen to enjoy the wealth and resources of my country,” said Essa al-Malki, a 32-year-old teacher of philosophy and psychology, who took out a 15-year 23,000 dinar loan in 2000 and supports the plan. Read the whole thing >
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