Had the fund gone bust, and its positions been liquidated in a firesale, it would have made banks' bets even more loss-making than they already were.
Yet, for all its excesses, the unsustainable building frenzy that ended in such a spectacular bust has now positioned Dubai well ahead of other Gulf states, including Abu Dhabi.
During my weekly routine of looking at the new literature received by the museum's library, I would occasionally glance at Wimmer's bust of Darwin positioned atop the old card catalog.
There can't be a new housing boom while the nation is still strewn with vacant houses and apartments left behind by the previous boom, and consumers — who are $11 trillion poorer than they were before the housing bust — are in no position to return to the buy-now-save-never habits of yore.
After weeks of discussion, the occupation authorities requested bids from Iraqi companies for the job of removing the four busts, which are positioned at four corners of the huge palace and glower at all who pass beneath.
That is equivalent to almost 40% of GDP.As the world's biggest debtor, America headed into this bust in a very different position from Japan, a creditor nation rich in domestic savings.
If you are in this position, you are bust, and your creditor is going to have to take a haircut.
The Packers defense bails out McCarthy there, as the Giants are denied a first down after starting in great field position and Brad Jones busts in from the left side to block Tynes's 40-yard field goal attempt.
If they are not allowed to profit from their short positions in a bust, they will not be able to short during a boom, and thus more bubbles will occur.
Merrill Lynch reminds its clients that, as the technology bust made clear, "concentrated stock positions present a significant risk to your portfolio and present problems of liquidity and diversification".
