Dubai asks creditors for debt payment delays (user search)
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  Dubai asks creditors for debt payment delays (search mode)
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Author Topic: Dubai asks creditors for debt payment delays  (Read 2032 times)
Beet
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Posts: 29,019
« on: November 27, 2009, 04:17:37 AM »
Jeez, $60 billion is a lot... what are the IMF's reserves looking like these days?
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Beet
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Posts: 29,019
« Reply #1 on: December 01, 2009, 07:26:08 PM »
« Edited: December 15, 2009, 10:14:27 AM by Dave Leip »

Lehman Bros. alone had $613 billion in debt. Dubai World had $60 billion in debt, $26 billion now being talked about for restructuring. Not exactly the same...

a better comparison would be with CIT, which had $65 billion liabilities, $30 billion unsecured debt, before its bankruptcy.
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