Friday, Nov 27, 2009
Gordon Brown is scrambled to downplay risk
Bloomberg: RBS Led Dubai World Lenders; HSBC Most at Risk in UAE
Royal Bank of Scotland Group Plc was the biggest underwriter of loans to Dubai World, the state company seeking to reschedule debt, while HSBC Holdings Plc has the most at risk in the United Arab Emirates, according to JPMorgan Chase & Co.
Posted by mken @ 11:16 PM (720 views) Add Comment
4 Comments
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1. devo said...
small state
big fuss
2. enuii said...
Blackpool for people with more money than brains and no taste!
3. fallingbuzzard said...
devo, the big fuss is that its at this point because in theory this could never happen. even you would have to agree with that? or are you contrarian on that?
enuii, Blackpool is far superior and cheaper.
4. estrader said...
@3. fallingbuzzard, I would have to agree with that...but now it seems that Billions here & Billions there is utterly meaningless to everyone because it has happened before and yet X-Factor is still on TV!! So a bank failure or even a country defaulting doesn't worry anyone. All it takes is a few printed Billions and X-Factor remains on-air and everyone is happy. We might find out in 6 months time that Gordon supplied them with a secret £200Billion loan but at the time the news is announced Susan Boyle will have a new album on sale. Besides, you can buy a Hannah Montana Dance Mat for only £0.90/week!!