Dubai World creditors meeting

[Krazy Guy]

Interesting news. Could something positive come out of this?

Reuters 07 December 2009:

Dubai World to meet creditors on Monday afternoon - banking sources Reporting by Tessa Walsh, Rachna Uppal and Stanley Carvalho; Writing by John Irish; Editing by Inal Ersan Dubai World to meet creditors later on Monday DUBAI - State-owned Dubai World (Dubai World) will meet its main creditors later on Monday to discuss its request to delay repayment of $26 billion that shook global markets and confidence in the Gulf business hub, bankers said. The bankers, who declined to be identified as the talks are private, said the meeting would take place in the afternoon without being more specific. A Dubai World spokesman declined to comment. An Abu Dhabi bank executive said last week London-listed Standard Chartered, HSBC, Lloyds and Royal Bank of Scotland, along with local lenders Emirates NBD (ENBD) and Abu Dhabi Commercial Bank (ADCB) were on the creditors panel.

[ixtira]

I expect a positive outcome on the basis that any news is good news.

The reality is that DW creditors have no choice … it’s the old adage if you borrow $200,000 Dollars from the bank the bank owns you if your borrow 40 Billion you own the bank!

[Novice_investor]

[shares queen]

till now all indications are positive.