2009-12-14nakedcapitalism.com

"...,even the normally jaundiced Reuters noted in its coverage that the 11th hour bailout was “the least expected of all options Dubai had on the table.” Abu Dhabi had made it sound as if it would help, but that it also was going to extract a pound of flesh from Dubai. Even Saudi prince Al-Walid made noised that Western banks knew what they were getting into, that is, that Dubai World was not a sovereign credit."



Comments: Be the first to add a comment

add a comment | go to forum thread