Citibank Buys Spanish Highways!

http://www.thestreet.com/story/10450542/1/todays-outrage-citi-takes-cash-to-spain.html
http://www.marketwatch.com/news/story/citi-fund-buying-spanish-highways/story.aspx?guid=%7BC58D2714-519F-4995-98EA-3CFBA8BF1681%7D&dist=TNMostRead

"Citi Infrastructure Partners is buying most of Itinere Infraestructuras from Sacyr Vallehermoso (ES:018287021: news, chart, profile) , a Spanish construction group eagerly trying to shed debt as the Spanish housing market weakens. "


Oh man oh man! Is citi TRYING it's level best to make the American public angry with it???

Bad enough when taxpayer dollars were going to big banks, and they bought out the little American Banks...

Now Citi is taking that bailout money and using it to bailout a struggling Spanish Highway company? (Itinere)

I've said this once, and I'll say it again. Paulson should have criminal charges pressed against him.
America's bailout money, approved by congress to help the average American and his debt, is going to shore up Spain's failing infrastructure.

I'm ANGRY... and I'm not even American! I wonder how they are taking it?

Ooh. Citigroup shares just fell 10%... I guess we have our answer right there folks.

Big 3 turns into 1, 1 and 1.

I knew it couldn't last.

According to this article:

http://www.nytimes.com/2008/12/01/business/economy/01auto.html?pagewanted=1&hp

the Big 3 have decided to abandon the image of camaredie and save their own skins.

Basically, since the government is asking for viable plans... they are each going to submit their own plans. And be judged on their own personal merit.

It's every man for himself now! OOH.

In fact, it is very likely that someone will ask: so... if we can only bailout 2 of you and the weakest has to declare bankruptcy... which one is the weakest?
And then... it will turn into the biggest pile of backstabbing ever. Ha. Actually, Ford might encourage that, since Ford is apparently in the strongest position.
Truth be told, the smartest thing Ford could do now is let the bailout fail entirely.

That would save Ford. If GM and Chrysler cease operations, and Ford scoops up all their customers who love American Cars... yes. That would pretty much put Ford firmly in the black, I think.

I think.

In fact, I would go so far as to say this: If GM and Chrysler go bankrupt, I would put 20%-40% of my total networth into buying Ford shares. And I would expect a 250% return on my investment in 5 years.

At the moment, though, I'm not touching any of the 3.

India and Thailand: This isn't good for the economy...

Question on my mind: what is the condition for foreign trade in ASEA right now?

I mean, look. The airport in Thailand there is basically unusable. How do you perform any trade with a country in this sort of situation?

At least India isn't that bad, but if military operations begin against Pakistan, all bets are off.

And I heard that they aren't keen to be trading with Malaysians, due to "suspicious ties". Bah. I'm pretty certain that Malaysians have no potential to be terrorists... that's exactly why they chose to impersonate Malaysians. We're the "safest" Muslim country in the world, IMHO.

For Thailand, at least, it looks pretty certain that they will not be experiencing any significant economical growth for a long long time, no matter what the final outcome is here.

If India and Pakistan begin skirmishes, that's going to be a HUGE mess.

Anyway, my thoughts and prayers go to everyone, Malaysian or from any other nationality, who is trying to get out of these places and come home. Good luck guys.