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:
“I am thankful to God for this approval of the people. But while deeply grateful for this mark of their confidence in me, if I know my heart, my gratitude is free from any taint of personal triumph. I do not impugn the motives of any one opposed to me. It is no pleasure to me to triumph over any one.”
—Abraham Lincoln (1809–1865)
“A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.”
—Christina Stead (1902–1983)
“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)