Opposed Guaranteeing Bank Deposits
On October 28, 2008, the parliament voted 50–7 to insure all types of deposits in all local banks within Kuwait. Al-Tabtabaie opposed the bill, along with Jabir Al-Azmi, Hussain Al-Qallaf Al-Bahrani, Daifallah Bouramiya, Mohammed Al-Obaid, Mohammed Hayef AlـMutairi, and Musallam AlـBarrak. Al-Tabtabaie accused the Cabinet of speeding up the bill's passage for the benefit of monetary tycoons. He proposed a partial guarantee of KD 100,000 for deposits in local banks.
Read more about this topic: Waleed Al-Tabtabaie
Famous quotes containing the words opposed, bank and/or deposits:
“They have seemed to be together, though absent; shook hands as over a vast; and embraced as it were from the ends of opposed winds.”
—William Shakespeare (1564–1616)
“The prairies were dust. Day after day, summer after summer, the scorching winds blew the dust and the sun was brassy in a yellow sky. Crop after crop failed. Again and again the barren land must be mortgaged for taxes and food and next year’s seed. The agony of hope ended when there was not harvest and no more credit, no money to pay interest and taxes; the banker took the land. Then the bank failed.”
—Rose Wilder Lane (1886–1968)
“Were all the worshippers of the gold calf to memorialize me and request a restoration of the deposits I would cut my right hand from my body before I would do such an act. The gold calf may be worshipped by others but as for myself I serve the Lord.”
—Andrew Jackson (1767–1845)