Dubai is on the verge of defaulting on $80 billion in loans and guess which American bank could be on the hook for some of it?
From Calculated Risk:
When there are bad loans to be made, apparently Citi never sleeps.*
I guess we better increase the bonuses so we can get "better" MOTU.
*For those of you who may not know, "The Citi never sleeps" was part of Citigroup's ad campaign once upon a time.
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