Awwww ..... I feel really awful for them ........

[Stinky The Clown]

...... the poooooooor investors in Dubai. According to CBS Nooz, values are down 50%. And the Dubai government admits to the highest per capita dept in the world ..... and not enough oil to cover it. Essentially ...... they're bankrupt.



Poooor Poooor Poooooooooooooooooor Investors.









Do I really need to say that this is sarcasm? Mmmmmmm .... probably.

[LisaM]

1. The whole Dubai thing is just sick

I think it represented sinful greed.

[wryter2000]

2. My heart bleeds...

...light, sweet crude.

[Liberal_in_LA]

41. lol n/t

[thunder rising]

3. Damn, you mean we haven't even won THIS contest? Are we never to be winners again?

[thunder rising]

4. You know that Haliburton Intl is based there!! If this is true this is great.

[deaniac21]

7. You think Haliburton is bankrupt??? Guess again.

http://moneycentral.msn.com/investor/invsub/analyst/earnest.asp?Symbol=US%3aHAL

[Warpy]

5. I can't say I'm particularly surprised

because the more fake wealth individuals amassed, the more enormous the debt they took on. That it should extend to countries is no surprise to me, especially when those countries do things like indoor ski slopes in a middle eastern desert and housing developments on kitschy man made islands designed to maximize the number of yacht slips.

Sic transit glorious money.

[noamnety]

6. They deserve some points for style

for actually arranging their assets in the shape of a toilet bowl before flushing it all away.

[redstate_democrat]

35. he he

[MercutioATC]

8. Gee, another OP hostile to the affluent...

What a surprise!

It's fine to refuse to feel sorry for these people, but why the need to mock them?

[Stinky The Clown]

9. "Affluent"?

A couple hundred thou a year in income is affluent.

Dubai investors are hardly ....... 'affluent'.

[MercutioATC]

15. You're arguing that billionaires aren't affluent?

ok...

:eyes:

[Stinky The Clown]

29. Actually, I am

Affluent is high income and moderate net worth ... a few million, tops.

After that, it is called obscene.

[MercutioATC]

32. A few million is chump change in many circles...

Hell, I know a few millionaires personally that are my age (40 or so) and they're nobodys.

20 or 30 million may seem like a lot to many people, but it's not much when you're playing at that level.

[Stinky The Clown]

33. uh ...... My point, exactly

[yardwork]

11. Environmental degradation, institutionalized misogyny and racism, harboring criminials...

Yes, Dubai is just terrific.

[MercutioATC]

19. Most of these buyers aren't Dubai nationals...they're international investors.

They fly to Dubai, get on a boat, and spend a month at their vacation home...or they never see the place and just lease it out.

[yardwork]

28. The invested in Dubai. If they didn't know what Dubai was doing, they should have looked into it.

[scarletwoman]

14. Why the need to mock them? It's actually very important to mock them. It helps wake people up from

the delusion that wealth = virtue. It helps create class solidarity. It helps disempower the money class by breaking the illusion that they are smarter and worthier than the rest of us. It helps discredit the entire notion of wealth for wealth's sake, the entire notion of conspicuous consumption.

The wealthy Dubai fantasists deserve every figurative toss of shoes that the masses can muster.

sw

[MercutioATC]

17. They're people with money that bought funky manmade islands...

Had the economy stayed strong, those would have been profitable investments. As it turns out, it didn't and they weren't...such is investing.

I disagree that there exists the mystique that you suggest. They're just either wealthy people buying a vacation home or investors looking to make some money.

[scarletwoman]

20. And what kind of person invests in a man-made island? Someone who doesn't give a damn about anything

but their own ego and self-gratification.

Let them be reduced to sleeping under bridges.

sw

[MercutioATC]

21. The kind of person who wants to make money.

Or, the kind of person who wants to buy something unique.

Neither are inherently evil.

[scarletwoman]

27. Both are empty of true human value, and most, if not all, weatlh is acquired

through the exploitation of other human beings or the environment or both.

[MercutioATC]

30. Well, yeah...so let's hang the guy who works at the local Sunoco.

If you want to take it to that level, we're all complicit.

[scarletwoman]

34. Whatever argument you're trying to make has clearly lapsed into incoherence.

I know which side of the Class War I fight on, you apparently don't.

sw

[Naturyl]

18. Agreed 100%.

Thanks for understanding why mocking excessive wealth is a valid public service.

[scarletwoman]

24. I appreciate finding someone of like mind. It seems so obvious. (nt)

[virgogal]

23. If you can't mock the affluent soon there will be no one left

to mock.

[Fearless]

25. Why mock anyone for the sake of mocking them?

It only makes enemies. No good can come from it. Shun decisions that are improper in their wheeling and dealing, don't shun the person. No one changes if you cause them to turn a deaf ear.

[MercutioATC]

26. I just mock the Amish.

Weird little bearded, buggy-driving freaks.

[anonymous171]

39. I can mock them because they have more money than I do.

It's not like we're kicking them while they are down.

[exman]

10. Fish farming?

:applause: Or maybe when the sea level rises a few feet a real nice tropical reef? The ruins may prove to be beneficial to the environment.:shrug: probably just more tax breaks and corporate welfare. I do so love it when greedy rich folks get theirs.

[valerief]

12. I say we bail 'em out! Wait! I'm sure we already have. nt

[Contrary1]

13. Oh noes...does this mean plans for the "refrigerated beach" will be put on ice? n/t

[HughBeaumont]

16. I heard that in some places in Dubai they have marble sidewalks.

Marble. Sidewalks. As in what's in rich people's kitchens.

A megacity on crack indeed . . .

[annabanana]

22. Not to worry...

Their friends are all going to get together, close off the spigots, get the price of oil back up there and,

VOILA . . problem solved!

[ColbertWatcher]

31. I wonder how they feel about their boy Georgie now? n/t

[Tulum_Moon]

36. Has anyone ever seen how they treat workers?

Almost all laborers are foreign. The live in squaller. They live in shanty towns crammed together and sleep in shifts. It is sick. I know this is the only money these men get to send home but shit! Those SOB's live in palaces and many of their people don't even have to work. I feel bad for them losing their jobs, but I hope they go home and get treated a bit better. I for one can't stand that country!
Oh, and they killed off a bunch of coral reefs building those stupid islands. I hope they have big ol' traffic jams on them everyday! One little road to get out, the boat traffic must be just as bad.

[Liberal_in_LA]

37. Technology and resources wasted on stupid fake islands and fake beaches. That's how I look at it.

[Liberal_in_LA]

38. a link to the story would be nice.

[BlooInBloo]

40. But at least their sand won't burn their widdle tosies!

:rofl: