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Old 09-12-2009, 07:53 AM
 
12,869 posts, read 13,680,276 times
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JPMorgan Hires Supertanker for Storage, Brokers Say (Update3) - Bloomberg.com
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Old 09-12-2009, 12:10 PM
 
Location: Great State of Texas
86,068 posts, read 76,624,212 times
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Citi has their own tanker as well. That was uncovered last summer with the high oil prices.
I guess they have to if they play commodities and end up taking delivery.
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Old 09-12-2009, 12:45 PM
 
12,869 posts, read 13,680,276 times
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it's great to know that our tax dollars bail out these companies who then rent supertankers and sit on the oil, waiting for the price to go up. if that was going to happen, our government should have just bought the oil cheap and sat on it, instead of giving the money to a wall street firm to utilize to their own advantage.
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Old 09-12-2009, 05:47 PM
 
Location: Warwick, RI
3,603 posts, read 4,514,009 times
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Well, write to your congressman about it, because the government happens to be Citi's largest shareholder!
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Old 09-12-2009, 06:18 PM
 
Location: Great State of Texas
86,068 posts, read 76,624,212 times
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Quote:
Originally Posted by treasurekidd View Post
Well, write to your congressman about it, because the government happens to be Citi's largest shareholder!
I email my Congressman all the time and each time I get the exact same "canned response" on how he's working hard to make my life better.
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Old 09-12-2009, 06:35 PM
 
10,689 posts, read 8,784,211 times
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Primarily being used to mark up stocks and debt so banks can raise cash with shelf offerings.
Banks increasingly relying on trading profits for their operating earnings.
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Old 09-12-2009, 09:26 PM
 
Location: Warwick, RI
3,603 posts, read 4,514,009 times
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Quote:
I email my Congressman all the time and each time I get the exact same "canned response" on how he's working hard to make my life better.
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!! We must have the same Congressman, because I get the same crap. I have the most unfortunate privledge of being represented by Patrick Kennedy, who is so very busy making my life better in between his stints in rehab.
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Old 09-12-2009, 09:28 PM
 
Location: Great State of Texas
86,068 posts, read 76,624,212 times
Reputation: 27642
Quote:
Originally Posted by treasurekidd View Post
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!! We must have the same Congressman, because I get the same crap. I have the most unfortunate privledge of being represented by Patrick Kennedy, who is so very busy making my life better in between his stints in rehab.
OMG..so sorry. He probably has his email on auto-response seeing they only pull him out of rehab to get that extra vote in
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Old 09-13-2009, 06:37 AM
 
12,869 posts, read 13,680,276 times
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you are doing better than me. i stopped getting any responses from my congressman, canned or otherwise.

it is interesting to look at the treasury page. http://www.treasurydirect.gov/govt/r...opds082009.prn

they are getting close to their congressional "limit" on debt. RUT ROW!

Total Public Debt Subject to Limit............................................. ......... 11,755,205
Statutory Debt Limit 5................................................. .................... 12,104,000
Balance of Statutory Debt Limit............................................. ................ 348,795
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Old 09-13-2009, 11:26 AM
 
Location: Great State of Texas
86,068 posts, read 76,624,212 times
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I read the government is spending $30 billion per week. That's some mighty big weekly allowance we give them isn't it ??
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