Dubai request for debt 'standstill' raises fear

DUBAI, United Arab Emirates (AP) -- Just a year after the global downturn derailed Dubai's explosive growth, the city is now so swamped in debt that it's asking for a six-month reprieve on paying its bills - causing a drop on world markets Thursday and raising questions about Dubai's reputation as a magnet for international investment....

By BARBARA SURK

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Waiting for that government bailout....

 

I'm surprised Obama and Geithner haven't offered up a plan yet. I'm sure Dubai is too big to fail.