According to reuters, U.S., Mideast buyout bosses gather in Dubai. We ask the question of whether they plan to takeover some banks. As we wrote in earlier articles on this blog, the stock market has reaarched a bottom, and it is surely a good time to buy.

Their only problem this time is that they have to come with their own cash (unless they plan to short!). Leverage buyouts (LBO) will not make it this time--the trick that fooled the banks is still young in memory and has to get a bit old and forgotten before it is played again in front of banks.

Sovereign funds of Arabs, as we wrote in a previous post, got taken in this market.
The sheiks' money that was invested in the stock market has been on the side of the bagholders in the recent market action.

Private investors are however sharks and there are certainly some arab sharks, who go along with the US private buyout bankers. After all arabs and jews are semite cousins-- although they fight it in palestine, they seem to be very friend when it comes to making money in stock markets.

Few excerpts from reuters article follow:

Private equity executives from the United States and across the Middle East descend on Dubai this week to seek out investment partners and deals during one of the most tumultuous periods in the industry's history.


From the Middle East, the focus will be on private equity and sovereign wealth funds, with speakers including some from Dubai government investment agency Istithmar World Capital, which owns fashion retailer Barneys New York; and Saudi-based private equity firm Swicorp, which recently bought a stake in leasing company Jordan Aviation.

Behind closed doors, a flurry of meetings are expected as U.S. private equity executives test for any appetite for further ventures, fund raising and deals from a region that has been burned by investing in the United States.



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