Discover and read the best of Twitter Threads about #RiadPonzi

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Mikati might be part of the old school in Lebanon, but he is a real businessman & made much of his money outside the country. If you *must* stick with the old establishment, he is the most capable of them all.

PS: Mikati is also richer (& more solid businessman) than Trump.
2) The point is: Lebanon can't afford the stalemate.

You don't pick the least corrupt one, but the one who understands business enough to *not* block the growing adaptation by industry post #RiadPonzi.

Others are both corrupt & stupid: like parasites that kill their host.
3) The Brazilian Paulo Salim Maluf used to say "rouba mas faz": I steal but deliver.
Pbm in Lebanon isn't parasites & corruption.
It is parasites killing their host! Patronage is worse than corruption.

I would settle for a Maluf over both an incompetent but honest technocrat.
Read 5 tweets
So @BDL_Lebanon issued few circulars that, in my opinion, are breaching the law. It is not the first time #bdl breaches the law. I think it is time whosoever is claiming protecting the interests of the depositors to sue BDL & seek annulment of the circulars via the Conseil D'Etat
@BDL_Lebanon previously restricted the access the the $ transferred by expats and confistxated these fresh dollars forcing the beneficiary to receive Liras and @BDL_Lebanon pocketing the $.
1st #bdl differentiated between commercial and retail / housing loans.Stating that only retail / housing loans can be paid in Lira at the Fictual Lira/$ exchange rate of 1507.5
2nd #bdl differentatiated between residents, penalizing the non-residents
Read 16 tweets

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