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The game changer could lie in Mubarak's pocket book
by Joseph Ernest February4, 2011
Newscast Media-- The U.S., France, Germany and Great Britain have asked Mubarak to step down, but the embattled president still clings to power. Reports of violence and reporters being kidnapped or killed haven't swayed Mubarak. The reason being given as to why he chooses to ignore the Egyptian people's demands is pride.
Mubarak and his supporters say the old man wants to leave with dignity and not be forced out of office. However, Egyptians believe if stays for eight more months, he will use that time to crack down and punish those who protested against him, just like they were assaulted by pro-Mubarak supporters on Wednesday.
According to Credit Agricole, the crisis is costing Egypt an estimated $310 million per day. Aladdin Elaasar, author of 'The Last Pharaoh: Mubarak and the Uncertain Future of Egypt in the Obama Age', said the Mubaraks own several residences in Egypt, some inherited from previous presidents and the monarchy, and others he has built.
"He had a very lavish lifestyle with many homes around the country," said Elaasar, who estimates the family's wealth is between US dollars 50 and 70 billion.
All the Obama administration has to do is tell Mubarak the money Egypt is losing daily as a result of his refusal to listen to the voice of the people will come out of Mubarak's bank accounts. You will quickly see a shift in position if Mubarak knows that every single day he remains in office is costing him personally an astounding $310 million. He doesn't want to die a pauper. Add Comments>>
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