DID you hear the one about the stockbroker who’s been sleeping like a baby? Every hour, he wakes up and cries.
That was before he read that Somali pirates were issuing a new ransom-backed security to buy Citigroup. Moody’s rated it AAA, Henry M. Paulson Jr. deemed the pirates “fundamentally sound,” and Bernard L. Madoff will safeguard the returns.
There is more, in a feature titled “I’m Penniless, but the Laugh’s on Them “, in the new York Times. You can read it Here.