I have absolutely no fucking lack of understanding when it comes to debt. I'm in debt because I need to feed, clothe, and put a roof over my kids' heads -- oh, and educate them too. OH, and I finally just got out of car debt after 25+ years of driving around gas guzzlers -- YAY!!!
WHAT I DON'T FUCKING UNDERSTAND ARE PEOPLE WHO GO INTO DEBT BUILDING CASTLES IN THE SAND.......and then "request" a freeze on their debt because of - of - of I STILL DON'T KNOW FUCKING WHY -- I've never seen a more ridiculous story in my life
AP Dubai: World lacks understanding of debt crisis
By BARBARA SURK (AP) –
DUBAI, United Arab Emirates — Dubai's ruler says the emirate's economy is "strong" and "solid" amid financial meltdown in the former Arab boomtown.
Sheik Mohammed bin Rashid Al Maktoum told the Al Arabiya TV channel that the world did not understand Dubai's announcement on restructuring of the emirate's deeply indebted conglomerate Dubai World.
The remarks came as the Dubai debt crisis dragged down the main stock markets in the Emirates for a second day on Tuesday and also caused other markets in the Gulf to plummet.
Mohammed told the Dubai based channel that the crisis that erupted on the global markets in the aftermath of Dubai World's request to freeze its debt indicates a "lack of understanding of what is happening in Dubai."
Copyright © 2009 The Associated Press. All rights reserved.
Is this really happening???
I love how the story broke over the Thanksgiving weekend.