Frank Kane at The National's take on Mr. Jackson's career at Istithmar. I'm guessing that his reference is to Detroit and not Chicago. The former to a 1988 "action" movie. The latter to a member of the Chicago "Outfit".
If the analysts at RGE are right about the leverage he employed, I'm sensing a honorary citizenship from a country "up North". If the award is made soon enough, David may get his personal loans forgiven. You have my implicit guarantee on that.
With leverage at this level, it's hard to see how even a modest recovery in prices from the crisis induced decline could led to "attractive value" for Dubai World. Any recovery would go first to the lenders to make them whole on principal plus interest before DW would see any cash. That means they would have to go to roughly 90% of original cost.
That's a bit of a climb from the values mentioned in the article. And when buyers have a sense that a seller is motivated the pressure on price is downward not upward.
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