Monday, November 30, 2009

GLOBAL BAILOUT NEWS ROUND UP AND SKI REPORT




BANZAI7 NEWS--The Dubai government will not guarantee the liabilities of its precariously indebted Dubai World holding company, leaving creditors to face "short-term pain" that could run into the billions of dollars.

Sweden: “We are not prepared to own Saab,” Prime Minister Fredrik Reinfeldt said last week. “We are not buying a carmaker with welfare money.”

Ben Bernanke had the following comment on these developments: "These people are missing a tremendous buying opportunity!"

Warm weather is expected to delay this years ski season in Dubai.

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