[cube]

$this->bbcode_second_pass_quote('angrybill', '.')..The market bottom for Dow and Nasdaq has already happened. There won't be anymore new lows.

[manu]

You will see a big low right after Christmas.

[angrybill]

$this->bbcode_second_pass_quote('manu', 'Y')ou will see a big low right after Christmas.

[the48thronin]

$this->bbcode_second_pass_quote('angrybill', '')$this->bbcode_second_pass_quote('the48thronin', '
')even better is companies with "black" connections LOL
AIG furnished information wholesale to ...XXX agency

[DJSNOLA]

I dont think anyone knows with certainty where the stock market is headed. However, the reality is that some fundamental changes to our market system will and are being made. Where and to what this leads is anyones guess. Either way, Financial companies will probably never see a return to the profits of the past! Im just wondering when the markets will realize this.

[angrybill]

$this->bbcode_second_pass_quote('DJSNOLA', ' ')Either way, financial companies will probably never see a return to the profits of the past! Im just wondering when the markets will realize this.

[DJSNOLA]

Maybe they will keep doing it but I doubt it! Seems they are trying to prop the system up for a long as possible. One thing about man is that he adapts rather quickly. Maybe they will stop all the shenanigans when we as a society are fully adapted to the new 'normal'!

[EndOfGrowth]

$this->bbcode_second_pass_quote('angrybill', 'I') see Citi group as a strong survivor through the turmoil of the once financial melt down. The market bottom for Dow and Nasdaq has already happened. There won't be anymore new lows.

[Keith_McClary]

[web]http://optionarmageddon.ml-implode.com/2008/12/02/somali-pirates-in-discussions-to-acquire-citigroup/?ref=patrick.net[/web]

[idiom]

Classic.

[Dreamtwister]

OMG That is the funniest thing I have read all week!

[smallpoxgirl]

Next the freaking pirates will be wanting a bailout.

[Denny]

So, is this the origin for the new term "Banksters"?

[bratticus]

Jet Set Banksters vs. Upset Congress$this->bbcode_second_pass_quote('', '[')b]Is The Corporate Jet Dead?

Earlier this week, reports surfaced that Citigroup was forging ahead with plans to buy a new $50 million corporate jet. The news came on the heels of a $8.29 billion fourth-quarter loss for Citi, which had received a $45 billion bailout earlier this fall.

The conspicuousness of the consumption--and the evident hypocrisy--would have embarrassed even Jay Gould and the robber barons of yesteryear.

[Jotapay]

Joe Six Pack has a lot to say about that subject. Listen to his first 'point'.

http://www.youtube.com/watch?v=42IUg2NXwoU

Warning: he certainly feels comfortable with using expletives, so keep the volume down with kids/coworkers around.

[idiom]

What if they had given someone else a loan to buy the jet?

[ReverseEngineer]

Isn't this bad for the economy? Think of all those guys they'll have to lay off the Falcon production line.

Reverse Engineer

[jamest]

$this->bbcode_second_pass_quote('ReverseEngineer', 'I')sn't this bad for the economy? Think of all those guys they'll have to lay off the Falcon production line.

Reverse Engineer

[Sixstrings]

$this->bbcode_second_pass_quote('', 'G')ood point. I'm certainly no fan of Citibank, but this strikes me as something that could have saved or even created jobs at Falcon and their suppliers.

I don't think the people in Congress understand an economy. They seem to jump on corporate jets because that's something they can comprehend.

[StargazerNE]

I've been lurking on peakoil.com for the last few years, but I have never posted until now.

The reason I'm posting now is to let everyone know that business aviation is a big industry in the U.S. It is an industry that employs a lot of people. I'll use the company I work for as an example. I work for a "small" family-owned operation that services/maintains/modifies business aircraft. My company employs people in the following fields: accounting, human resources, maintenance (aircraft mechanics, interior specialists, cabinet specialists, upholstery specialists, paint specialists), engineering, marketing, non-destructive testing, electronics/avionics, PMA (parts production), design, computer applications, professional development, and the list goes on.

On Tuesday of this week, my company announced Phase 2 of it's Recession Plan: Reduction of salary for non-production employees, reduction of hours for production employees, and elimination of 401k matching.

Do you know what I've walked by 5 days a week for the last eight months?

A Dassault Aviation Falcon 7X Jet.

My company has a contract with Dassault Aviation to finish the jets. We currently have two of them in one of our hangars. The cancelled jet from Citigroup adversely affects myself and all those people around me.

I think it is important to point out that my company employs 1,400 people in a small midwestern city of 210,000. Layoffs would definitely hurt our local economy. This bad attitude that is developing about companies and their corporate jets could cost a lot of people their jobs throughout the country.

Just something to think about when you hear somebody talk about the big boys and their toys (jets).