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Saturday, 22 November 2008

image for Somali subsidiary of Lehman Brothers offers $25 billion bail out US car industry
Somalia is awash with petrodollars; its business acumen is based on marine entrepreneurship and navigational skills

Mogadishu - (Ass Mess): In a surprise development the cash-rich Somali subsidiary of fallen off-the-Wall-Street giant Lehman Brothers has offered the ailing US motor industry an immediate $25 billion cash injection.

The Mogadishu-based institution is currently awash with petrodollars following the successful implementation of a 30 year business plan based on marine entrepreneurship and local know-how.

General Motors CEO G Richard Paint-Yer-Wagoner Jr said today he welcomed the move after the collapse of US Treasury bail-out talks with the Bush Administration last week.

Somalia is viewed by many to be well ahead of the game in the current global financial crisis.

Its ad-hoc goverment has requested an immediate permanent seat on the UN Security Council pending the resumption of talks about yet another bung from the International Monetary Fund.

More details are expected later this week.

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