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Egypt CBank launches 2nd T-bill auction in a week – Bloomberg.

Doesn’t this mean that the existing brutal dictatorship in lace – in Egypt is taking this opportunity to resource themselves at the expense of the future economy of Egypt?

Isn’t that like “robbing the bank?”

And, then where are those moneys going to go? Right into the pockets of the administration that is corrupt and has been corrupt and continues to be corrupt – these Treasury bill auctions, including the one a couple days ago don’t make sense. The banks said they were liquid and well-capitalized. The government is obviously well capitalized, they have our money and half of Europe’s money.

So, what are they doing, if not profit taking while they have the chance?

Somebody needs to stop them or no economic future for Egypt will exist with any degree of stability.

– cricketdiane

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