November 21, 2008

"The Paper": Somali Pirates Acquire Citibank

Speaking of The Pentavarate, here's today's lead story over at "The Paper":

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.

This paper contains facts. And this paper has the eighth highest circulation in the whole wide world.

By Rusty Shackleford, Ph.D. at 05:33 PM | |