This is extremely funny to me.The Emir of Dubai said a few days ago that we in the media “do not understand anything.” We would kindly ask him to have his neighbors (and reluctant benefactors) explain to us the wisdom of this:
Because of an investment deal struck two years ago, early in the financial crisis, the United Arab Emirates’ sovereign fund will soon start purchasing $7.5 billion in Citigroup shares at $31.83 apiece, even though the New York bank’s stock closed at $4.10.
He should have had GS insure his investment. Oh no they are too smart to do something that stupid.
isnt bank of india the worst job on wall street? it is run by a curry eater.
@2=racist. Explain your mindset.
Vik is bangin Indra Nooyi (who is racist against Americans, that curry-eating wench)
UAE sorvereign wealth fund- I have a great deal on a bridge for you
Vik needs to merge with Raj in order to survive.
-mrp
indian guys are cute
DK
this is going to hurt you, more than it hurts me…
-vikkles
is it just a coincidence that Paulson’s bet for Nov 2010 is @$32? Or am I missing something?
That’s a non-cash loss so it doesn’t count. It’s only a loss if they take it.
Abu Dhabi = Dubai?
Maybe after a week of headlines you might have at least picked up the distinction between the sovereignties involved.
What’s the hurdle to blog at dealbreaker these days? Just don’t be funnier than Bess?
@11 who at DB (or many other places) has ever been funnier than bess? the giants kicker?
@11 Abu Dhabi is one of the “neighbors” of the Emir of Dubai. Reading more than three words of the post would have possibly calmed your nerd rage.
@11, 13, same diff no diff.
This is nothing. Citi once paid $700 million for a worthless piece of shit hedge fund. LOL!!! Bunch of Morons!!!
– Vikram
@15 FTW!!!!
Best Post!!!!