# Meh, there are nicer deadbeats, architecurally, but that is pretty bad ass. **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [November 27, 2009, 7:15am UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594 "2009-11-27T07:15:03Z")\ **Posts on this page:** 19\ **Page:** 1
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [November 27, 2009, 7:15am UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/1 "2009-11-27T07:15:03Z")
I want to loan to Dubai someday. Actually, not really, because they just said they don’t want to make payments on their bills any more. Word in the office is we have huge exposure here :tdown: > **[Concern About Dubai Debt Hits Wall Street](https://www.nytimes.com/2009/11/28/business/28markets.html)** > > American markets closed sharply lower after weighing troubles at Dubai World, the Persian Gulf investment vehicle, that caused markets to slump in Europe and Asia. > **[Dubai: A Reminder of the Volatile Road Ahead](https://www.wsj.com/articles/SB125932233566366313?mod=googlenews_wsj)** > > The stock market dip around the world caused by Dubai-related fears reiterated that the global markets are still fragile, despite the strong gains since March. ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [November 27, 2009, 7:51am UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/2 "2009-11-27T07:51:39Z")
LMAO. Nice title. Dubai makes me think of the saying “ashes to ashes, dust to dust”. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [November 27, 2009, 8:19am UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/3 "2009-11-27T08:19:35Z")
$17 billion exposure for HSBC 🖕 ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [November 27, 2009, 8:24am UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/4 "2009-11-27T08:24:41Z")
ouch edit: oops, this is geehee ---
**Author:** ![Avatar](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/avatar/32/5076_2.png) [@Avatar](https://forums.speedlife.net/u/Avatar)\ **Post date:** [November 27, 2009, 8:28am UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/5 "2009-11-27T08:28:24Z")
> [@Joe](#): > > $17 billion exposure for HSBC That’s pretty significant, considering that the total amount of debt owed is ~$59b. Why is HSBC holding almost 29% of their red ink? ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [November 27, 2009, 8:29am UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/6 "2009-11-27T08:29:15Z")
So that’s like, what, our total midwestern circle track rehab budget? Chump change… ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [November 27, 2009, 8:33am UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/7 "2009-11-27T08:33:10Z")
> [@Avatar](#): > > That’s pretty significant, considering that the total amount of debt owed is ~$59b. > > Why is HSBC holding almost 29% of their red ink? The 17B exposure is to the Dubai state. The $59B total debt is just for Dubai World, which is a state company and the only thing “officially” restructuring right now. Their parent and other state-run companies owe a hell of a lot more which is viewed as equally troubled. ---
**Author:** ![JEG](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jeg/32/7246_2.png) [@JEG](https://forums.speedlife.net/u/JEG)\ **Post date:** [November 27, 2009, 8:50am UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/8 "2009-11-27T08:50:03Z")
$59b blah thats pocket change man. We owe trillions. ---
**Author:** ![Motocrossx23](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/motocrossx23/32/5120_2.png) [@Motocrossx23](https://forums.speedlife.net/u/Motocrossx23)\ **Post date:** [November 27, 2009, 8:58am UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/9 "2009-11-27T08:58:05Z")
Lol. Suck to be them. ---
**Author:** ![JSTANEON](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jstaneon/32/7267_2.png) [@JSTANEON](https://forums.speedlife.net/u/JSTANEON)\ **Post date:** [November 27, 2009, 2:39pm UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/10 "2009-11-27T14:39:29Z")
Any camels being liquidated at a good price? ---
**Author:** ![Motocrossx23](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/motocrossx23/32/5120_2.png) [@Motocrossx23](https://forums.speedlife.net/u/Motocrossx23)\ **Post date:** [November 27, 2009, 2:44pm UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/11 "2009-11-27T14:44:57Z")
Might this be the straw that broke the “camel’s” back? 😉 ---
**Author:** ![JustinH](https://avatars.discourse-cdn.com/v4/letter/j/9fc29f/32.png) [@JustinH](https://forums.speedlife.net/u/JustinH)\ **Post date:** [November 27, 2009, 3:08pm UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/12 "2009-11-27T15:08:22Z")
I thought they needed oil prices to be at a certain level, and oil has been lower than expected so that is hurting them. HSBC has a shitload of exposure on this one… ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [November 27, 2009, 7:43pm UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/13 "2009-11-27T19:43:02Z")
So wait, spending a bazillion dollars to build palm shaped islands in the ocean to build a resort on isn’t a good business plan? ---
**Author:** ![TgDn32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tgdn32/32/7360_2.png) [@TgDn32](https://forums.speedlife.net/u/TgDn32)\ **Post date:** [November 28, 2009, 7:31am UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/14 "2009-11-28T07:31:41Z")
> [@Motocrossx23](#): > > Might this be the straw that broke the “camel’s” back? > > 😉 Zing! > [@JayS](#): > > So wait, spending a bazillion dollars to build palm shaped islands in the ocean to build a resort on isn’t a good business plan? Meh, there are nicer islands, architecurally… ---
**Author:** ![TORQDSS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/torqdss/32/5125_2.png) [@TORQDSS](https://forums.speedlife.net/u/TORQDSS)\ **Post date:** [November 28, 2009, 9:01am UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/15 "2009-11-28T09:01:47Z")
Does anyone remember Obama signing a $900b bailout bill that has not had any effect AT ALL? $59b isn’t even close to the nearly trillion dollars a year we pay in interest on our debt. ---
**Author:** ![Avatar](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/avatar/32/5076_2.png) [@Avatar](https://forums.speedlife.net/u/Avatar)\ **Post date:** [November 28, 2009, 9:31am UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/16 "2009-11-28T09:31:44Z")
Wait… Who signed the bailout bill? [http://money.cnn.com/2008/10/03/news/economy/house\_friday\_bailout/index.htm?postversion=2008100309](http://money.cnn.com/2008/10/03/news/economy/house_friday_bailout/index.htm?postversion=2008100309) > **[Bush signs $700 billion financial bailout bill](http://www.nbcnews.com/id/26987291/)** > > President Bush signed into law Friday a historic $700 billion bailout of the financial services industry. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [November 28, 2009, 10:41am UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/17 "2009-11-28T10:41:47Z")
> [@TORQDSS](#): > > Does anyone remember Obama signing a $900b bailout bill that has not had any effect AT ALL? > > $59b isn’t even close to the nearly trillion dollars a year we pay in interest on our debt. Nope. That musta been when Obama went to war with Iraq. ---
**Author:** ![MOBOOST4U](https://avatars.discourse-cdn.com/v4/letter/m/f4b2a3/32.png) [@MOBOOST4U](https://forums.speedlife.net/u/MOBOOST4U)\ **Post date:** [November 28, 2009, 11:58am UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/18 "2009-11-28T11:58:58Z")
Annnddd there goes the thread… ---
**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\ **Post date:** [December 3, 2009, 3:39pm UTC](https://forums.speedlife.net/t/meh-there-are-nicer-deadbeats-architecurally-but-that-is-pretty-bad-ass/76594/19 "2009-12-03T15:39:22Z")
> **[The dark side of Dubai](https://www.independent.co.uk/voices/commentators/johann-hari/the-dark-side-of-dubai-1664368.html)** > > The wide, smiling face of Sheikh Mohammed – the absolute ruler of Dubai – beams down on his creation. His image is displayed on every other building, sandwiched between the more familiar corporate rictuses of Ronald McDonald and Colonel Sanders. This...