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Loan Modification

: Mortgage Lender Implode-o-Meter

Abu Dhabi May Demand More Power for $10 Billion Dubai Lifeline

By Implode-Explode Heavy Industries

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" Sheikh Khalifa bin Zayed Al Nahyan of Abu Dhabi, who threw the state holding company a $10-billion lifeline yesterday, has no such concerns. He controls 8 percent of the world?s oil and one of its biggest sovereign wealth funds. He?s also Sheikh Mohammed?s kinsman and, as president of the United Arab Emirates, his boss. Abu Dhabi?s support may come with a price that undermines Sheikh Mohammed?s go-it-alone vision for Dubai."

Full post as published by Mortgage Lender Implode-o-Meter on December 15, 2009 (boomark / email).

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