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GorillaGorilla

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GorillaGorilla

Re: GorillaGorilla post# 13583

Friday, 11/27/2009 8:33:58 AM

Friday, November 27, 2009 8:33:58 AM

Post# of 94785
DUBAI - intersting...according BBC the company that went into liquidation was NOT a soverign fund - highly leveraged company.

The government wanted to prop themselves up and bonds were bought by UAE and Abu Dhabi. Not sure why the government wanted to pay for it? Perhaps bailing banks out.

Obviously UAE could have bailed them out but didn't see why they should.

rich
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