Originally Posted by
ferris
A straw-man argument. I'm not going to repeat myself over and over, but what do you think the "debt holiday" request was all about?
What do you think any business who cannot pay its debts does?
What did you think GM did before they went bust?
Nakheel is bankrupt everyone knows that but this daft idea that if it is allowed to go to the wall nobody would ever lend to Dubai ever again is plain fantasy.
As to quoting the opinion of the head of HSBC- why bother? What would you expect him to say?
You dont think that all this has been sensationalised? - all the postings here and in the media about Dubai sinking into the desert?
You are joking surely?