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Banks can’t blame Dubai: Alwaleed

Posted on 09 December 2009

From Arabnews.com: Prince Alwaleed bin Talal said banks that loaned money to Dubai World can’t claim to be victims of the emirate’s debt crisis because they should have understood the risks in the first place.

“These banks are very mature banks, and they have to differentiate between a corporate loan and a sovereign loan,” Alwaleed told Bloomberg Television……………………………..Full Article: Source

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