Inappropriate Analogy between Lehman Brothers and Dubai World# Stock
d*u
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The falling of LEH and BSC was as result of subprime problem. Panic selling
was due to unknown scale of the subprime. Dubai World is just a company
falling, despite huge debt, with few major financial instituitions involved.
Falling of LEH and BSC was a system failure, while Dubai world is just a
company failure.
BTW, there is an article on Barrons today "U.S. banks less exposed to Dubai
than European rivals", which gives the following facts:
"Of that total, European banks hold 72%, with the Uni
was due to unknown scale of the subprime. Dubai World is just a company
falling, despite huge debt, with few major financial instituitions involved.
Falling of LEH and BSC was a system failure, while Dubai world is just a
company failure.
BTW, there is an article on Barrons today "U.S. banks less exposed to Dubai
than European rivals", which gives the following facts:
"Of that total, European banks hold 72%, with the Uni