It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
Dubai is sinking into the Arabian Gulf, a get-rich mirage built on the shifting sands of debt.
Now we're all paying the price as the United Arab Emirate state's inability to pay its debts threatens to drag down our economy
Hopefully Gordon Brown's assessment proves correct but if spend-spend-spend Dubai collapses, he mustn't commit British money to keep the place afloat.
We committed cash to bail out Iceland when its banks went under but the United Arab Emirates, and particularly oil-ri
Originally posted by badmoviefan
I hope Britain bails out Dubai! I am an american and it terrifies me! They owe american banks 60 billion! Welcome to the suck american ats members.
Originally posted by Agit8dChop
80billion? this econmic crisis has cost 1.4 trillion, or something there of...
80 billion is nothing.. i think people need to calm down a little.