Thursday, November 26, 2009

Dubai ----> Broke as a Joke

Well, well, Mr. Dubai, the classy fella sittin in the corner of the room, oh wait a minute all that jazz was bought on credit you say???

It was only a matter of time until this domino fell over, alot of banks gonna lose their shirts on this one, citigroup has 2 billion invested in it, thats more than their market cap will be once you take out all borrowed money thats in that stock.

Citi is actually one of the smaller investors that will be wiped out.

Wait a minute.... whats that, another bailout I hear, shouldn't be long until Bailout 2.0 comes to surface, I wonder where that money is going to flow into - Uh oh poor US dollar.... ;(