An urgent question has appeared after the Collapse in the American economy:
How much the gulf states will pay to rescue the American economy?
According to reports by Arab news papers, American is putting the Gulf States under pressure to participate in the bailouts to rescue the collapsed financial sector in US. Gulf diplomats have told Al-Akhbar correspondent in New York that US is demanding participation From the Gulf States who have a huge Financial surplus as a consequence of oil high process. It is not known till now whether the gulf states has accepted the participation in the bailouts which it is expected to be approved by Congress later today.
Some of Arabs millionaires have lost billions in recent collapse of American financial sector. According to reports, Alwaleed bin Talal - a Saudi prince - has lost half of his fortune in recent collapse. His fortune is estimated by 20 billions. He has a shares in a lot of financial firms which have bankrupted recently.
Sad it did not happen, instead a re-look at some Canadian Pension Fund .. how dead-beat. I’d rather the expertise from the Arab states ... just look at Dubai and how extraordinary it is. They are to be applauded.