The Top 10 Everything of 2009

TIME charts the highs and lows of the past year in 50 wide-ranging lists

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8. Dubai's Bankers

By Bill Saporito Tuesday, Dec. 08, 2009

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Dan Kitwood / Getty

Of the seven members of the United Arab Emirates, Dubai has the least oil. So to which emirate have banks such as Barclays and Citi lent the most money? Yup, the one with the most distressed real estate — Dubai's total debts exceed $80 billion. We've seen how this movie ends.

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