Looking for a "Free Trade"?

http://news.bbc.co.uk/1/hi/business/4986918.stm



hj

LOL

Personaly, I'll wait until good old uncle sam offers the same

Jimmy

I'm down!

I love it
-but-
How could this be possible???

Anything got to do with the Saudi's has got to be dodgey!!

The individuals can keep any gains but the state will absorb losses. <--- wow!

i wonder if non-arabs is able to join :

The king is doing this for several reasons:

1. Public opinion: People are pissed that they lost a ton of money. They're mad at the government. Now they will think he's a nice guy.

2. Self-fulfilling prophecy: Think of it this way. If the king offers to absorb losses and a ton of people buy into the Bourse, the price is not going to go down. There will be no losses to absorb. It's kind of like the FDIC. The gov't could never actually make the payments if the banking system collapsed, but people feel reassured which prevents runs on banks and the type of collapse people saw in 1929. So the promise prevents the conditions that would cause them to make good on it in the first place.

3. Foreign investors will flow in: If you understand number two, what's to stop you from getting in? He's counting on an inflow of foreign money, further bolstering reason number two.

aaah politics. If we hurt you then we'll pay win you with money

dangerman
I believe, good old uncle Sam will greatly appreciate your patience

Are you sure that is a real king? He has an Aunt Jemimah bandana held on by a large black gasket for a crown. And when did kings start sporting "soul patches" on their royal chins?
But, count me in. I'm moving to Saudi to become a peasant so, I too, may invest risk free! (I hope peasants make alot of $$ so I'll have some excess income to invest.) :