People have been asking me about this issue and arguing for Kuwait government bailouts and hand-outs, so let me get this out into the open…
If you were dim-witted enough to buy out Aston Martin – a luxury car maker which produces a beautiful vehicle but has never had a profitable year (sans one) – then bail yourselves out.
If you were egotistical enough to think that ‘Global Investments’ – a company which dramatically expanded into risky investments for the sake of fast profits – was the next JP Morgan then bail yourselves out.
If you bought stock in a company which annually pays its CEO KD 5 million ($18 million) in bonuses then bail yourselves out.
You took the risk, you pay for it.
It is not the government’s job to use public finds to bail out investment companies with little transparency, who thrive on risk and speculation. Let them merge, bail themselves out or die.