Cancelled - Dubai's Palm Islands

Perhaps one of the most expensive failures of the 2008 economic crisis came from an unlikely place, just hundreds of feet off the coast of Dubai. There, sat several large masses of sand in the unique shape of palm trees and earth's continents. Several billions of dollars had been spent with enormous promise from the world's real estate companies. But, everything shut down and the nearly the entire project has been cancelled. Join me to find out why...