This is interesting, CITI loaned Dubai $8 B last December 2008, after CITI received the TARP money. I guess things were not as difficult as we thought at the time. Dubai is that mid East city with the indoor ski slope, the Palm Island, and ahem, no oil. Can Mumbai and Shanghai be far behind?
Professor Elam
Accounting & Investing Info for San Antonio A & M
Professor Elam 
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