KUWAIT

11/4/2008 ::: Editor in Chief : Ahmed Jarallah
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Day By Day
Undoubtedly, the situation is much better now

WE appreciate the quick intervention of the Central Bank of Kuwait (CBK) in correcting erroneous reports about the stock market. Several people have spread rumors about the losses incurred by investment companies, mixing up these losses with loans obtained through the mortgage of assets.

The Central Bank has taken concrete steps to protect the public from the ‘traders’ of such unfounded rumors. It served as a lifeboat and rescued people from the agencies that aired false reports to mislead the public. We need such tenacity not only from the Central Bank but also from the government committee tasked to address the crisis.

Undoubtedly, the situation is much better now. However, people are still yearning for a broader network of safety as it is illogical to see other parts of the world struggling to change their financial status while we remain drowning in a sea of illusions. Forgive us!

“Make up your mind to survive.”

By Zahed Matar

Email: ahmedjarallah@hotmail.com

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