Monday, October 27, 2008 6:00:50 PM
Further to the left on the map, Kuwait has slipped into crisis mode. The Kuwaiti government propped up Gulf Bank, its biggest bank, by suspending trading on GB stock and guaranteeing its deposits.
Kuwaiti market makers responded with a walkout at the KSE, their second tantrum in the last four days. Most of the traders marched to the closest government building for an orderly bout of pissing and moaning.
“We want the government to intervene,” a protestor told the AFP, “to rescue the bourse and traders. We want the government to buy stocks. This month, I have already lost half my investments in the bourse.”
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