To: yonif
[He is credited for launching a multibillion-dollar program to rebuild Lebanon's infrastructure from the ruins of the 1975-90 civil war. Critics, however, blame him for borrowing heavily on international markets.]
Translation: He is about to be busted BIG TIME for subterfuge and fraud. Getting outta Dodge.
30 posted on
04/15/2003 9:24:59 PM PDT by
Mad_Tom_Rackham
(Open the pod bay door HAL.)
To: Mad_Tom_Rackham
Hariri rebuilt the commerce center of Lebanon using international loans. The construction was very expensive. Once completed, Lebanon ended up with beautiful buildings that not many people could afford lease for their businesses. Most of the office space remains empty while Lebanon suffers under the crushing debt. Another example of how things can go wrong when governments get involved.
By the way, people who owned the land and stores before the reconstruction were forced to sell to the government for shares of a consortium called Solidere. It goes without saying that the shares did not do well!
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