Comments on: Geithner visits Gulf Sovereign Fund Managers http://www.dubaichronicle.com/news/special-reports/geithner-visits-gulf-sovereign-fund-managers-12185 The latest news and comprehensive coverage of major stories, issues and events from across Dubai and from around the world. Wed, 10 Mar 2010 22:56:51 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ivo Cerckel http://www.dubaichronicle.com/news/special-reports/geithner-visits-gulf-sovereign-fund-managers-12185/comment-page-1#comment-2765 Ivo Cerckel Fri, 17 Jul 2009 06:03:07 +0000 http://www.dubaichronicle.com/?p=12185#comment-2765 Transparency can only be discussed behind closed doors, US of A secretary of the treasury, Timothy F. Geithner, said on Thursday. On Tuesday at Jeddah Chamber of Commerce, Geithner said he thinks the world has yet to fully appreciate the scale of ambition we are seeing in Saudi Arabia & Gulf region to lay the foundation for future growth. It would appear that by saying that, Geithner was actually praising ambition of Saudi Arabia to break free from dollar peg in order to solve huge bad debt problem at Saudi business groups Saad and Algosaibi. Algosaibi now accuses Mr Maan Al-Sanea, the owner of Saad Group, in a New York court of having misappropriated approximately USD 10bn as a result of his frauds, says the Financial Times this Friday morning. Al Sanea obtained loans using falsified documents and diverted worthless green paper, aka US dollar, received to own use. Algosaibi accuses the dollar regime in New York of using falsified documents and perpetrating concealment, looting and thievery through the US dollar.. Developing ... [smile] Transparency can only be discussed behind closed doors, US of A secretary of the treasury, Timothy F. Geithner, said on Thursday.

On Tuesday at Jeddah Chamber of Commerce, Geithner said he thinks the world has yet to fully appreciate the scale of ambition we are seeing in Saudi Arabia & Gulf region to lay the foundation for future growth.

It would appear that by saying that, Geithner was actually praising ambition of Saudi Arabia to break free from dollar peg in order to solve huge bad debt problem at Saudi business groups Saad and Algosaibi.

Algosaibi now accuses Mr Maan Al-Sanea, the owner of Saad Group, in a New York court of having misappropriated approximately USD 10bn as a result of his frauds, says the Financial Times this Friday morning.

Al Sanea obtained loans using falsified documents and diverted worthless green paper, aka US dollar, received to own use.

Algosaibi accuses the dollar regime in New York of using falsified documents and perpetrating concealment, looting and thievery through the US dollar..

Developing … [smile]

]]> By: Ivo Cerckel http://www.dubaichronicle.com/news/special-reports/geithner-visits-gulf-sovereign-fund-managers-12185/comment-page-1#comment-2763 Ivo Cerckel Wed, 15 Jul 2009 03:46:52 +0000 http://www.dubaichronicle.com/?p=12185#comment-2763 Geithner said on Tuesday at the Jeddah Chamber of Commerce that he thinks the world has yet to fully appreciate the scale of ambition [...] we are seeing in the Kingdom [of Saudi Arabia] and the Gulf region to lay the foundation for future growth It would appear that by saying that, Geithner was actually praising the ambition of the Kingdom of Saudi Arabia to break free from the dollar peg in order to solve the huge bad debt problem at the Saudi business groups Saad and Algosaibi. Geithner said on Tuesday at the Jeddah Chamber of Commerce that
he thinks the world has yet to fully appreciate the scale of ambition [...] we are seeing in the Kingdom [of Saudi Arabia] and the Gulf region to lay the foundation for future growth

It would appear that by saying that, Geithner was actually
praising the ambition of the Kingdom of Saudi Arabia
to break free from the dollar peg
in order to
solve the huge bad debt problem at the Saudi business groups Saad and Algosaibi.

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