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Learn from your losses, says Sheikh Hamdan

Sheikh Hamdan bin Zayed, the Deputy Prime Minister, has few words of comfort for those who lost money in the stock markets, saying people should live within their means.

Many investors have seen their wealth decline sharply over the past year due to falls in property prices and shares.

“I hope the Government will do something to solve this problem, but I personally do not subscribe to irrational assistance,” WAM, the state news agency, quoted Sheikh Hamdan as saying in an interview with Kuwaiti dailies Al Seyassah and Arab Times.

“Who forced those people to take loans to buy cars, invest in shares and travel for recreation? A famous adage says, ‘Cut your coat according to your size.’ These people should learn from the incident… We will be cautious in helping people to avoid confusion, since there are citizens that actually need assistance and we should be responsible for their yearnings.”…SOURCE

20 Total TweetBacks: (Tweet this post)
  • en: Bruno is very... Scary. :)) I suggest you people to just buy the DVD or download off the net. Save money and time. O.o...! 07/14/09 04:45pm
  • en: Happy now @flyfour or would you like me to apologise too for accidentally calling you my daughter? Could of been worse of course! 07/14/09 04:45pm
  • en: If you missed The Street last night, or have never seen it before, I recommend a watch http://tinyurl.com/kroqy7 07/14/09 04:45pm
  • en: If the woman said: "You look like pedophile dream " - is it compliment or not? I hope so. PS I don't wear pink dress with bows and laces =) 07/14/09 04:41pm
  • en: Annual Leave from work now Booked! 2 Weeks off..................to work in the garden :-( or lack of 07/14/09 04:40pm
  • en: McFly or not McFly???? 07/14/09 04:40pm
  • en: Is it just me, or is the weather starting to act rather strange? Well it doesn't matter- it's still the cause of my acute viral tonsilitis. 07/14/09 04:40pm
  • en: Might go and sit outside and work. Or sit by a window. The less exciting option it has to be said. May get funny looks aswell. 07/14/09 04:40pm
  • en: @the_nikster Sweet! Ride the Cyclone! Oh, and make sure you have two or three Nathan's hot dogs beforehand. Makes the ride way more fun. 07/11/09 06:50am
  • en: @thetomwatts or did you mean doing the weekend on the narrowboat? 07/11/09 06:50am
  • en: "It's not YOUR business what other people think (or don't think) about you" Bob Proctor 07/11/09 06:50am
  • en: Photo: dbsw: @gummibear_queen yes or yes? http://tumblr.com/x0s2ay0pj 07/11/09 06:50am
  • en: @Spghillguy No, no one is fired or anything like that... 07/11/09 06:50am
  • en: @MsChayo No! Is it real life or is it fake. I prefer the real life cop shows. 07/11/09 06:50am
  • en: Of postin a pic w/o touchups or makeup. *wink* RT @_RenRen: @AmberGram what shame? 07/11/09 06:50am
  • en: @renwalton did we not do this before? Or at least pretend to be statues, why do you always call h "Dog"? 07/11/09 06:50am
  • en: @dallasblack I thought so considerin recession they laid off about 14 this year n my region I didn't xpect bonus raise or 401funds so I'm ok 07/11/09 06:50am
  • en: @ashleyyosaurus Are they showing the deleted scenes in between parts of the movie or all at the end? 07/11/09 06:50am
  • en: http://dailybooth.com/NZYTGathering/589146 I AM AT THE #NZYT Gathering :D Left my phone at @Jessums31's house, so no txting or twitter mob:( 07/11/09 06:50am
  • en: @shirtsandgloves hhaha that would be awsome! Ha your in concert mode or what!? 07/11/09 06:50am
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Posted in Economy 11 months, 1 week ago at 10:16 am.

2 comments

2 Replies

  1. jcmach1 Apr 7th 2009

    Looks like tough love instead of a bailout in the UAE!

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