World Bank Lending Iran $900 Million

Newsmax ^ | Monday, November 5, 2007 | Newsmax Staff

[dadgum]

I like the way you think.

Follow the money.

[San Jacinto]

Kickback to the bankers. Crooked bast*rds!

[Jason_b]

The ultimate subprime loan. I wonder who will get stuck with the CDOs this one will be packaged as. If a $14,000 year farmer can borrow $700,000 for a mcmansion why can't nations do the same with a few zeros added to the end?

Seriously, I wonder if any real money is coming from the US or anywhere else. Does anyone really believe they are borrowing cash? When I bought my house I never saw the money I was borrowing, it was just numbers in a computer. With fractional reserve at work here the bankers create the money i.e. credits the computer keeps track of. Maybe a small amount of it represented someone else's deposits, and then there was my down payment, but the rest came from nowhere and was just a number the bank said I owed back to the system and I agreed to pay, with interest. No cash was ever in play and I suspect no cash will be in play here with IRAN either. Even the cash represents debt! It's all now just a matter of who you let play the game and today pretty much anyone can play no matter how skanky they are. If they do well they might spend the money with US firms enriching us, and still be able with oil profits to pay the "loan" back with interest. If they default, the banks making the loan will be bailed out with an SIV or something like it using OPM (other people's money). The world runs on credit.

[rineaux]

Follow the money.

I wish I could follow the money. 468 million pledged to Abbas in the last 6 months from the US. Not sure how many billios pledged or sent to Pakistan. At least we are selling 20 billion in military equipment to Saudi Arabi. Nutty move on our part. How much has North Korea gotten from us? Lets leave out Iraq and Afghanistan. Just seems like a lot of money flowing out of this country to support terrorist states. I’m sure I am leaving so many billion more out. Glad we tax payers support all this.

[G8 Diplomat]

World Bank Lending Iran $900 Million

Do they have a death wish or something? Do they WANT Iran to get the bomb? Geez, with suicide intentions like that they could join al-Qaida!

[G8 Diplomat]

At least we are selling 20 billion in military equipment to Saudi Arabia

Excuse me while I bang my head on my desk again. Who is allowing this to happen?!

[NormsRevenge]

This is from scrappleface,
No?

what the hell is this world coming to?

[rineaux]

http://news.bbc.co.uk/2/hi/middle_east/6925643.stm article from the BBC on a quick google search. Plug in 20 billion miltary arm sale to Saudi Arabia.

W and Rice approved it. Lets just be happy we can trust the Saudi’s, right?

[NormsRevenge]

aiding and abetting our own demise and destruction.

What a country!

[BreezyDog]

This boggles the mind...

[rineaux]

Didn’t we also approve an agreement with China and Westinghouse for some 8 billion dlrs so they can improve their nuclear reactors? None of the weapons to the Saudi’s will ever be aimed our used on our troops. So yes, What a country?

[rineaux]

BTW, don’t hurt your head on the desk. We have a long way to go and a lot more money to give away.

[Dad yer funny]

FR ( head-scratchin’ bookmark )

[diverteach]

Let’s give them $900 million in used ICBM’s

[B4Ranch]

ping

[Travis McGee]

"Let me issue and control a nation's money supply, and I care not who makes its laws."

~~Mayer Amschel Rothschild

[Czar]

Lets see now, how much US money funds the World Bank?

[purpleraine]

He’s too busy guarding the border. Everytime he takes one step forward, he jumps back two.

[colorado tanker]

This just shows that the time has come to shut down the World Bank, or greatly reduce it. Setting aside the nuclear issue, why are development loans being made to a country awash in petrodollars, sufficiently fat that it can afford to buy a nuclear weapons program and finance militias in other countries???