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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: da_cheif™ who wrote (349472)	11/26/2007 11:01:46 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 436258

NO chance...sorry

To: da_cheif™ who wrote (349472)	11/27/2007 12:53:39 AM
From: Real Man	Read Replies (2) \| Respond to of 436258

Abu Dhabi will own Citi. Should we celebrate? I guess we should, those are our good Arabian friends, who, arguably, financed the 911 <G>

To: da_cheif™ who wrote (349472)	11/27/2007 2:14:23 AM
From: stan_hughes	Read Replies (2) \| Respond to of 436258

Well, who knows, maybe it'll work out for Abu Dhabi, throwing $7.5 billion into Citi so they can limp through Christmas and the layoff of 45,000 employees. Optimists will see the Abu Dhabi deal as a giant step in the "save the whales" effort, whereas pessimists OTOH will see petro-funded Arab purchases as being bought out with your own money -- and increasingly worthless money I might add -- but I digress. Ya gotta think positive, right? Hide the SIV write-offs, juice the next few quarters earnings with lower labor costs, rally the stock, and then get the fuck out of Dodge before the Awful Truth is exposed. What a plan! Just look at how well Bank of America is doing on the $2 billion they threw into Countrywide on that $18 convertible when the common was north of $21. Financials are sure hot these days, no doubt about it. It will be tough for Abu Dahbi to beat that kind of return (CFC closed at $8.64 today, but who's counting). I'm sure pulling for them here, how about you?