Prince Alwaleed bin Talal, the billionaire Saudi investor, said banks that made loans to Dubai World should have understood the risks they were taking and can’t claim to be victims of the emirate’s debt crisis. “These banks are very mature banks, and they have to differentiate between a corporate loan and a sovereign loan,” Alwaleed, 54, said today in an interview on Bloomberg Television. “When things go sour, you can’t have some banks in the West going to Dubai and saying ‘oops’ and crying wolf and saying, ‘You should have guaranteed those loans.’”
Alwaleed said confusion over whether the Dubai government would back Dubai World’s debt “was not helpful at all” and damaged investor confidence in the region. “However, you have to understand that other countries such as Saudi Arabia, Qatar and neighboring Abu Dhabi are countries to be reckoned with,” Alwaleed said. “With the price of oil where it is now, I don’t think their economies will be shaken at all.”
And just because:
He looks so gangster in that pic
there are no guarantees in life you bunch of pussies.
sincerely,
Daniel Mudd and Richard Syron
cretins, you are not fit to kiss my stallion.
There can be no greater argument for the nuclear annihilation of the middle east than this twerp.
If anyone has underwritten a debt deal involving Dubai the discussion has come up that essentially they are guaranteed by the government. Most of their deals wouldn’t have gotten done at anywhere near the rates they did if there wasn’t an understanding. They claim innocence now but when it worked in their favor they were all for maintaining the “misunderstanding”. Way to rip off Europe/US, well played. It will be interesting to see the rates on the next deal Isthimar or another arm of Dubai tries to to do once this all blows over.
“cretins, you are not fit to kiss my stallion.”
awesome
@4 kill yourself, racist asshole.
I wish I was that horse. :(
-Dennis Kneale
Would anyone in their right mind want to be on the cover of, or mentioned in Prestige magazine? Robb Report or even Architectural Digest (but come on be classy, stay “A financier and his wife” or whatnot), Prestige? Come on.
Its one thing to be able to say “Suck on my Prestige,” but another thing altogether to pose on your stallion and proclaiming it to the world (of ultra high net worth dickweeds).
Finance guys whipped out how much Arab petro-wealth in the last 2-3 years? No wonder this guy is pissed.
@analyst- I’m one of the single largest shareholders of citi, after tim geither, that cunt. you think I’m in my right mind?
-the prince
Agh! The font! It blinds me!
Tone down the crazy. My boss can actually read this as he walks to piss.
Bess the CEO of GM quit…we gunna get post?
here is a title…
Fritz calls it quitz! Obama back driving GM.
4: FAIL
Closeup shots = always creepy
@13 thanks, I’ve been living under a rock without internet access (and you’ll get a write off, b/c I don’t care that much).
Living under a rock with a chip on your shoulder.
Hurry up woman!
-13
17/13 = fritz henderson
When the Prince dies I want him to be placed on his horse and in a formaldehyde crate and then placed in the lobby at Citi HQ.
@19 naked? in any dimension that would chafe.
-13
@17 a little well-placed sarcasm in your direction for being under the impression you were offering a hot tip re: fritz does not a chip make.
@19 I love it.
-damien hirst
@21 i have no idea what you are talking about. GFYM
13/17
@23 it means no one has a chip on her shoulder, you were rightfully bitched out for your lame comment.
-21
@7
what’s the problem? though, we’d probably have to blowup paris, to kill him…no biggee
@21 or is it Greg?
i just wanted a post on it so i could bitch slap Obama on this news. I wasn’t implying Bess wasn’t aware that he quit.
now you can go fuck your mom…thank you and get Bess some coffee Greg.
-13
Matching ugly shirts with ugly horses… Gangster
Rumor is that the prince is pledging his C stock at regional broker-dealers. Clearly, Citi can’t extend credit on their own stock.
Good luck with that prince. I hope the lenders understand there is no implication of a guaranty by you.
@5, loans that are only implicitly backed by the government? I’m glad we don’t have those here…
this guy is UGLY. what a nose