Sunday, November 29, 2009

Dubai's Collapse Leaves Overleveraged Foreigners Abandoning Homes and Mercedes to Get Out

This is an extraordinary article about the over-leveraged foreigners who came to Dubai for the good life and then are forced to rush out, leaving their homes and even their Mercedeses with the keys at the airport. The reason - they cannot pay their debts and Sharia, which prevails in Dubai, the penalty for inability to pay debts is severe.

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