Tag Dubai world

Dubai World-Fiasco,Banks in a bind.

In Sanskrit, there is a saying "Mounam Sarvaartha Sadhagam",general meaning being Silence is conducive for achievement in Life;special meaning is Silence is conducive to worldly wealth.
In Dubai , the ruling class maintained a discreet silence when people invested in Dubai World, thinking it has Royal Patronage(they are right for in Sheikdoms nothing will move with out the Sheikh's participation) and came out the govt. has nothing to do with Dubai World when the bubble burst.
RBS had earlier been bailed out secretly by the UK govt.How these banks are going to come out of this mess is an open question.
Ultimately, the small investors are going to be hit as usual.

Dubai ruler lashes out at international investors-Telegraph.

Very funny.Your country's company has failed to meet its creditors.It is in financial mess.All along you have never openly said that the government has nothing to do with Dubai World.Once the bubble bursts , you immediately put out a statement that the govt.has no ties with the company;You are too careful.You did not say you or your kin has or had. Now will you disclose the stock holding pattern of Dubai or its parent company?Or is the shell company registered in St.Kitts or some other place?
Leaving that aside, what do you expect the foreign investors to do?To hold their stock?
Don't be ridiculous.Of all people you know how and when to pull out.
Any way congratulations on a well executed scam.