Tag Archives: citigroup

Stacy Summary: This story fits in with our giggling Swiss finance minister. The lunatics clearly run this insane asylum.

• Ireland’s finance minister Brian Lenihan ridiculed by City investors

Between 200 and 500 investors are understood to have been on the call, and as they realised their lines were not muted many began to heckle Mr Lenihan.

Some traders began making what one banker on the call described as “chimp sounds”, while another cried out “dive, dive”. A third man said “short Ireland” before adding “why not short Citi too?”

As the call descended into chaos, with one participant heard to say “this is the worst conference call ever”, Citigroup officials shut down the line.

Notice, too, that apparently six hedge funds are threatening to destroy what remains of the Irish economy:

On Friday it emerged that a small group of hedge fund debt investors were threatening to take Ireland to court if it pushed ahead with moves to impose so-called “haircuts” – or writedowns – on the value of their holdings in Anglo debt.

The group, which is thought to number no more than six funds, say they could force a default of Anglo, which would have catastrophic consequences for Ireland’s already hugely stretched public finances.

And, on a related, note: Iceland’s prime minister pelted with eggs and politicians forced to flee from thousands of angry protestors