Dubai... a giant Ponzi scheme? - Page 11

dino · #**201** 02.12.2009, 14:03

	Quote:	ali_the_nomad
	Only $60bn out of $80bn are from this government backed entity. Clearly not a state problem.

exactly. Just like Fannie Mae and Freddie Mac were not a problem for the US.

... oh wait. except they were !!!

Cashboy · #**202** 02.12.2009, 14:18

	Quote:	hoppy
	Wasn't Constantinople/ Byzantium just a trading port and a hub for the west to meet east?

It wasn't a lump of sand though in hot unbearable place and had a bit of culture.