enthalpy

enthalpy

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The truth shall set you free, but first it's going to piss you off

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Sunday, November 30, 2008

Posted 11/30/2008 05:03:00 PM by Douglas

These truly Arrrrrrrrrr some trying times. I can't believe no one has thought of this before. [thanks, long-time reader!]

The Somali pirates, renegade Somalis known for hijacking ships for ransom in the Gulf of Aden, are negotiating a purchase of Citigroup.

The pirates would buy Citigroup with new debt and their existing cash stockpiles, earned most recently from hijacking numerous ships, including most recently a $200 million Saudi Arabian oil tanker. The Somali pirates are offering up to $0.10 per share for Citigroup, pirate spokesman Sugule Ali said earlier today. The negotiations have entered the final stage, Ali said.

Sadly, the Somali pirates would at least be as shrewd with their investments as Citi has been.

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