Dubai World Fiasco-Dubai rejects debt guarantee

Three options are said to be under consideration.
1.Allow Dubai Worlds, Estate arm to met the requirements of about 2.4.bns towards Islamic bonds.
2.Offer 80% settlements to creditors across the board.
3.Go in for rescheduling to 2012.
HSBC, premium banker to the group is said to favor the last option.
Now Dubai government comes out stating that it will do nothing and that creditors must take the risks involved and that creditors should not be under the impression that the Dubai Govt. has any connexion with Dubai World.
Would the Dubai Government inform the stock holding of Dubai world and how the Directors are related to the ruler of Dubai?.
Seems to be a well orchestrated scam.
By the way Rothschild’s are also one of the major Bankers and advisors to the group.
No Arab Israeli sentiments?
Money,that talks.