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Bankrupting Terror: Blocking the Saudi Aramco IPO

28-8-2017 < Blacklisted News 40 148 words
 

Within the next 6 months or so, the Kingdom of Saudi Arabia will choose the venue for its Aramco IPO. Stock exchanges around the globe are jockeying, wooing, and coddling the Saudis to try and win this business. Admittedly, because of the size of Aramco, this IPO will be one of the largest in history. This explains why the exchanges in Hong Kong, London, and the U.S. are vying to win the deal. Yet, as someone whose husband worked on Wall Street until he was killed on September 11th while working at his desk on the 94th floor of Tower 2, WTC, I find the collective fervor of these stock exchanges disappointing; and those of the American exchange particularly appalling. Et tu Brute? Nothing like inviting criminals back to the scene of the crime to gloat, cash in and make a cool trillion. So much for hallowed ground.

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