CItigroup comprata dai Pirati Somali!

LEgger efino alla fine - Italian Version a seguire

BN 10:24 *CITI IN TALKS WITH SOMALI PIRATES FOR POSSIBLE CAPITAL INFUSION BN 10:25 *WILL REQUIRE ALL CITI EMPLOYEES TO WEAR PATCH OVER ONE EYE *SOMALIAN PIRATES APPLY TO BECOME BANK TO ACCESS TARP *SOMALIAN PIRATES APPLY TO BECOME BANK TO ACCESS TARP *PAULSON: TARP PIRATE EQUITY IS AN `INVESTMENT,' WILL PAY OFF *KASHKARI SAYS `SOMALI PIRATES ARE 'FUNDAMENTALLY SOUND' ' *Moody's upgrade Somali Pirates to AAA *HUD SAYS SOMALI DHOW FORECLOSURE PROGRAM HAD `VERY LOW' PARTICPATION * SOMALI PIRATES IN DISCUSSION TO ACQUIRE CITIBANK * FED OFFICIALS: AGGRESSIVE EASING WOULD CUT SOMALI PIRATE RISK * FED AGREED OCT. 29 TO TAKE `WHATEVER STEPS' NEEDED FOR SOMALI PIRATES

Somali Pirates in Discussions to Acquire CitigroupBy Andreas Hippin November 20 (Bloomberg) -- The Somali pirates, renegade Somalisknown for hijacking ships for ransom in the Gulf of Aden, arenegotiating a purchase of Citigroup. The pirates would buy Citigroup with new debt and their existingcash stockpiles, earned most recently from hijacking numerous ships,including most recently a $200 million Saudi Arabian oil tanker. TheSomali pirates are offering up to $0.10 per share for Citigroup, piratespokesman Sugule Ali said earlier today. The negotiations have enteredthe final stage, Ali said. ``You may not like our price, but we are notin the business of paying for things. Be happy we are in the mood tooffer the shareholders anything," said Ali. The pirates will finance part of the purchase by selling new PirateRansom Backed Securities. The PRBS's are backed by the cash flows fromfuture ransom payments from hijackings in the Gulf of Aden. Moody's andS&P have already issued their top investment grade ratings for thePRBS's. Head pirate, Ubu Kalid Shandu, said "we need a bank so that wehave a place to keep all of our ransom money. Thankfully, thedislocations in the capital markets has allowed us to purchase Citigroupat an attractive valuation and to take advantage of TARP capital to growthe business even faster."Shandu added, "We don't call ourselves pirates. We are coastguards andthis will just allow us to guard our coasts better."