Hamas Finds Gaza Tunnels’ $500 Million Loss Worse Than Madoff


	Hamas Finds Gaza Tunnels’ $500 Million Loss Worse Than Madoff

infidel70

10-10-2009 7:26 PM

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10-11-2009 3:10 AM

tabsey

Greed is a human trait, not confined to certain groups.
People who wouldn't have more, are rare.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ee649c21-986f-4acf-b64f-605fa5ddfbb2/51152022-84C1-45BB-BF82-76EC07A6C33E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601116&sid=aFLJhn4jQA3k" href="http://www.bloomberg.com/apps/news?pid=20601116&sid=aFLJhn4jQA3k" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601116&sid=aFLJhn4jQA3k">Investment opportunities are rare in
the Gaza Strip. So when Nabila Ghabin saw one last year, she
pawned her car and jewelry and put $12,000 into a network of
tunnels that brought in supplies smuggled from Egypt.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601116&sid=aFLJhn4jQA3k"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/www.bloomberg.com/img/9C8B7F55-2FCF-492E-97C6-EB95FE01A3AC" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601116&sid=aFLJhn4jQA3k">She was one of about 4,000 Gazans who gave cash to
middlemen and tunnel operators in 2008 as Israel blocked the
overland passage of goods. Then Israeli warplanes bombed the
tunnels before and during the Dec. 27 to Jan. 18 Gaza offensive
and the investments collapsed.     </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601116&sid=aFLJhn4jQA3k">Now investors, who lost as much as $500 million, want their
money back from Hamas, which runs Gaza. Hamas Economics Minister
<A href="http://search.bloomberg.com/search?q=Ziad+Zaza&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Ziad Zaza</A> says about 200 people were taken into custody in
connection with the tunnel investments; most have been released</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601116&sid=aFLJhn4jQA3k">“When you compare the U.S. economy with ours and see how
dependent we have become on the tunnels, I assure you that our
scandal is much worse than Madoff,” said <A href="http://search.bloomberg.com/search?q=Omar+Shaban&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Omar Shaban</A></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/51152022-84C1-45BB-BF82-76EC07A6C33E/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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