Dubai government will not guarantee Dubai World's debts, says top finance official!
Remember when George W. Bush wanted to award all of our seaport's management contracts to Dubai Ports?
I'm just saying, you know Dubai Ports a sub subsidiary of Dubai World which is...
"DP World is a company owned by the government of Dubai in the United Arab Emirates, via a holding company. This holding company is under the direct control of the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, who is also the prime minister of the UAE."
This is the same guy that says no the UAE will not back DW's losses because that means he would have to back the losses. I'm just saying ain't we lucky that the the Democratic Congress had balls at least to spare the United States this embarrassment.
Say, I wonder if Mohammed bin Rashid Al Maktoum will cover the losses of his good friends the Bush family who hold a whole bunch of DW's paper. Does SMU hold DPW or DW paper?
If I were an SMU alumni I would be shitting all over the current board and administration for embracing this fool and his corruption, "birds of a feather" you know! I can just invision George W. and Karl Rove getting a coke at the student union at SMU. What a picture that makes.
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