Getting My MBA at 48

Another company wanting government backing

It is amazing to me that these companies can be so irresponsible, Dubai World has 59 billion in liabilities and asked for a standstill request last week while it restructures. Please!

If that was the common folk all the creditors would be coming after them with fervor,

I agree with…

“Creditors need to take part of the responsibility for their decision to lend to the companies,” said Abdulrahman al-Saleh, director general of Dubai’s department of finance. “They think Dubai World is part of the government, which is not correct.” from the article “Government won’t back Dubai World debt” from The Globe and Mail.

Both the company and the creditors need to take some responsibility and quit trying to push off the debt to some else. I can’t do this and you can’t do this, wouldn’t it have been nice if the United States government guaranteed all of its citizens debt instead of a few investment firms. Crazy, but it is no crazier than what the government did with the financial crisis in the United States, which was started by certain corporationsto rid itself of competitors.

A great article, eye opening in fact is in Rolling Stone, Oct 14, 2009 “Wall Street’s Naked Swindle” by Matt Taibbi. My hat is off to him for telling a great story, very informative

Here is one of the Illustrations and that is how I feel, those companies are causing the US government to help while they still make millions.

-Break- I have to go get ready and fly from Phoenix to Las Vegas to San Francisco, more tonight-

Tags: Abu Dhabi, cancelation, dubai, dubai world, management, mba, online university, rolling stone, studying, success, the globe and mail, U.A.E., united states, us government, wall street, wealth