So Much For Building The Next Financial Capital of the World!

[Parsad]

State-controlled Dubai World, the builders of the palm-shaped island development and a myriad of other projects, is on the verge of bankruptcy!  Cheers!

 

http://www.bloomberg.com/apps/news?pid=20601087&sid=a.LazCgxcywM&pos=1

[Parsad]

More on the biggest potential soverign default since Argentina!  If it goes, I'm sure it will take a few others with it.  Some European banks and Arabian banks are going to lose ALOT of money.  Cheers!

 

http://www.bloomberg.com/apps/news?pid=20601087&sid=aO.S.lkGgmb0&pos=2

[Guest kawikaho]

Index futures are pointing to some hefty losses on Friday.