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Loan Modification
: Mortgage Lender Implode-o-MeterSo Why Did Abu Dhabi Run to the Rescue of Dubai?
By Implode-Explode Heavy Industries
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"...,even the normally jaundiced Reuters noted in its coverage that the 11th hour bailout was ?the least expected of all options Dubai had on the table.? Abu Dhabi had made it sound as if it would help, but that it also was going to extract a pound of flesh from Dubai. Even Saudi prince Al-Walid made noised that Western banks knew what they were getting into, that is, that Dubai World was not a sovereign credit."Full post as published by Mortgage Lender Implode-o-Meter on December 14, 2009 (boomark / email).
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