Nakheel PJSC, the Dubai state-owned developer of three palm-shaped islands in the Persian Gulf, said Nov. 30 that it is scaling back or delaying work on some of its $30 billion in projects, including the 62-story Trump International Hotel & Tower near the Mega Yacht Club on the trunk of Palm Jumeirah. “In such a nasty downturn, which we are seeing now, they are just not immune to global events,†said Michael Baer, founder of Dubai-based Baer Capital Partners and great-grandson of Julius Baer, who started Switzerland’s largest independent wealth manager. “Maybe the boom is over for the time being.†The sheikhdom may need help from Abu Dhabi and the U.A.E. to service its debt, according to Moody’s Investors Service.

http://www.washingtontimes.com/news/2009/jan/03/group-buys-failed-indymac-for-139-billion/

NEW YORK (Reuters) – Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion "Ponzi scheme" in what may rank among the biggest fraud cases ever.The former chairman of the Nasdaq Stock Market is best known as the founder of Bernard L.

Billions of dollars in commercial loans are set to come due in 2009-2010 and there are very few commercial loans available right now.

Tons of property on the forclosure fence...waiting for BILLIONS in refi's to get done ...while the banks are on a break.

FY 2008 Budget for FY 2008, prepared by the Office of Management and Budget (OMB), forecasts revenue to grow to $3.307 trillion by 2012.Us National Debt $10,621,692,718,504.15 The estimated population of the United States is 305,448,546so each citizen's share of this debt is $34,774.08.The National Debt has continued to increase an average of$3.42 billion per day since September 28, 2007!

After the government gets done with her she "takes home" about $2050Obviously this is not a billion dollars, but, I don't see why she cannot afford some kind of a home.

Treasury, under pressure to revive lending, is demanding monthly reports from the banks that received the most capital from the government's $700 billion rescue program.

A national bank with billions of dept on their book is not selling at retail or current value.

If they have a billion in dept, they are restricted from lending up to 5 times that amount by the feds.