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 (1078 views)
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1. devo said...

small state

big fuss

Friday, November 27, 2009 11:22PM Report Comment

2. enuii said...

Blackpool for people with more money than brains and no taste!

Friday, November 27, 2009 11:30PM Report Comment

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.

Saturday, November 28, 2009 12:36AM Report Comment

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!!

Saturday, November 28, 2009 07:39AM Report Comment

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