Tuesday, December 9, 2008

Pirates seek to acquire Citigroup

Details here.
Money quote: "Head pirate, Ubu Kalid Shandu, said 'We need a bank so that we have a place to keep all of our ransom money. Thankfully, the dislocations in the capital markets have allowed us to purchase Citigroup at an attractive valuation and to take advantage of TARP capital to grow the business even faster.'"

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