Mike: I get the feeling that all the public outcry regarding Shabibi has had no real effect on Maliki. I also gather that the UN, IMF and the US have also had no effect as well. Maliki just stomps through everything and takes what he wants in Iraq.
Where is the world at while Maliki slowly consolidates his power over independant government bodies? I was encouraged by the outcry of the people and politicians in Iraq but I don't see how they've deterred the future dictator's actions.
What's it going to take to stop Maliki from meddling with the CBI and get the currency into a free float? More importantly.......how LONG will it take?
Framer: something dont seem right. World bank still investing in Iraq.Emir of Kuwait signed the financial settlement between Iraq and Allkwyt . cabinet approves the 2013 budget. Eveything still moving forward regardless of whats going on with the cbi. I just dont get it.
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DarbSalad: I would be a little hesitant in my return to Baghdad before the parliament returns from vacation if I were Shabibi. Obviously, the Iraqi politicians do not view this as a serious issue with Maliki and the Central Bank.
Do you believe that the opposition of Barzani, Sadr, Nujafi and Talibani will bring this madness to an end? Surely these men understand that this does not shed a positive light to the world for outside investors. It is mind boggling that there is no sense of urgency to reconvene parliament and address this issue with the Central Bank.
Finally, setting aside the currency variable. I would hope that the all the sacrifices of our U.S. military and the dollars invested in Iraq the last ten years would not go in vain. We liberate a country of a despot and the final result is another despot.
Tlar: With unemployment as high as 30% in Iraq, Malibaba is just trying to create good job openings at the CBI. Let's see 36 +16 +2 = 54 new jobs needing to be filled. This is Malibaba's plan to get to full employment.
Malibaba, you only have another 10 million employed that you need to accuse and incarcerate. When these jobs are refilled Iraq will be at 100% employment. What a statesman. What a plan. I see now why the average Iraq in the street loves this man. It's obvious he is just working to improve Iraq. Not!
Shabibi said he will come back and face the judicial system in Iraq in a few days. He will bring the proof to clear his name with him. I'm sure he will also bring representatives of the international community to make sure he gets a fair trial.
This trial will take place under an international microscope and it would not be suprizing to find that his lawyer is either an IMF lawyer or a UN lawyer. This ought to be an interesting week.
Tobyboy: I don't believe parliament nor Talabani or Barzani can do anything all parliament wants to do is take their vacations and they happy. Most are too scared of Maliki including Talabani. As far as the US & UN they just sitting back and watching this unfold as a new dictator taking control of Iraq this is unreal, we be luckey see this RV in 3-4 yrs at this rate
Captainstrikedown: As I watch these events unfold, I try to also see it from an Iraqi perspective as well as our own. It is easy to be impatient, but I have to keep reminding myself that this is Iraq, and they will do things their way.
And to bring up issues about the sacrifices of the U.S. military, dollars invested, liberating a country....I don't think we want to go there. If you don't get my drift, I suggest you read, "Confessions of an Economic Hit Man," as one of the site members suggested to me.
I still think that the best approach for us is to calm down and take the advice of two brilliant IQD analyst who have repeatedly said, "Let this investment come to us."
Jrd: It would easy to say we all have a vested interest in this and that is why we are so upset with Maliki's actions. Well we do have a vested interest in it, but the fact remains that the U.S. and its allies spent tons of money and numerous lives to put Iraq on the road to Democracy and NOT to have another dictator in training wheels.
What is the U.S. equivalent of this? Our President taking over the Federal Reserve Bank? And as this plays out, how will the rest of the financial world view Iraq knowing that Maliki really runs the CBI and it is in no way an independent body? What will happen to investment in Iraq?
I think by these latest actions, it has become clear to us that this would have been done a long time ago if not for Maliki. If there was ever any doubt, it has now been erased. What is not clear yet is if the RV or float is just in the way of him getting control of the CBI and would go forth with at least a float if he has control of the Bank.
Pierce at October 23, 2012 at 3:15 PM A national crisis and these dopes won't cut their vacation short? What planet is this?
Carrello: In many other circumstancse I would agree with you, but this three week "vacation" came up at the last minute. A month ago a three week break was not on the radar screen but was planned by Maliki to have the government out of the way while he did his deed to Dr. Shabibi.