Posted on 09/07/2005 12:03:15 AM PDT by F14 Pilot
Assets held by Iranian nationals residing in the United States reached $800 bln last year, said an economic expert.
Bijan Bidabad told Fars news agency that the latest estimates by University of Massachusetts show that the Iranian American community held $600 bln in 2003.
He further noted that restrictive laws have put investment security at stake in Iran, stressing that the country has failed to encourage investors to keep their capital at home.
Investments usually seek places with adequate security, because capital always moves away from the insecure areas gradually, he noted, adding that when investors see their capital at risk in one area, they will begin to transfer it to other areas.
The expert said studies on investment trend show that outflow has been more dominant. The reality is that capital flight has been on the rise in recent years, he said, adding that Iranians have invested more than $25 bln only in one area in the United Arab Emirates (UAE).
(Excerpt) Read more at iranmania.com ...
ping!
Headline reads Iranian Americans vs first sentence Iranian nationals.
That should just about cover the hurricane damage.... if they choose to go to war.
Great post... what do you think about these numbers?
Maybe they all bought houses in California with interest only loans.
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