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Bailouts to big Banks to buy Oil

hypocritexposer

Well-known member
Morgan Stanley is seeking a supertanker to store crude oil, joining Citigroup Inc. and Royal Dutch Shell Plc in trying to profit from higher prices later in the year, four shipbrokers said.

The bank has yet to find a suitable vessel, said one of the brokers, all of whom asked not to be identified because the information is private. Carlos Melville, a spokesman for Morgan Stanley in London, declined to comment.

Jan. 16 (Bloomberg) -- Citigroup Inc.’s commodities-trading unit hired a second vessel for storing crude to profit from higher prices later in the year, shipbrokers said.

http://www.bloomberg.com/apps/news?pid=20601207&sid=aZSSMtC6ynNY&refer=energy
 

TSR

Well-known member
hypocritexposer said:
Morgan Stanley is seeking a supertanker to store crude oil, joining Citigroup Inc. and Royal Dutch Shell Plc in trying to profit from higher prices later in the year, four shipbrokers said.

The bank has yet to find a suitable vessel, said one of the brokers, all of whom asked not to be identified because the information is private. Carlos Melville, a spokesman for Morgan Stanley in London, declined to comment.

Jan. 16 (Bloomberg) -- Citigroup Inc.’s commodities-trading unit hired a second vessel for storing crude to profit from higher prices later in the year, shipbrokers said.

http://www.bloomberg.com/apps/news?pid=20601207&sid=aZSSMtC6ynNY&refer=energy

Could this be called SPECULATING with the money from the bailout? :wink: :shock: :shock:
 

TexasBred

Well-known member
TSR said:
hypocritexposer said:
Morgan Stanley is seeking a supertanker to store crude oil, joining Citigroup Inc. and Royal Dutch Shell Plc in trying to profit from higher prices later in the year, four shipbrokers said.

The bank has yet to find a suitable vessel, said one of the brokers, all of whom asked not to be identified because the information is private. Carlos Melville, a spokesman for Morgan Stanley in London, declined to comment.

Jan. 16 (Bloomberg) -- Citigroup Inc.’s commodities-trading unit hired a second vessel for storing crude to profit from higher prices later in the year, shipbrokers said.

http://www.bloomberg.com/apps/news?pid=20601207&sid=aZSSMtC6ynNY&refer=energy

Could this be called SPECULATING with the money from the bailout? :wink: :shock: :shock:

Definitely....but really sounds more like greed again. Buying ships and crude instead of being a bank for the benefit of the people.
 

Sandhusker

Well-known member
TexasBred said:
TSR said:
hypocritexposer said:
http://www.bloomberg.com/apps/news?pid=20601207&sid=aZSSMtC6ynNY&refer=energy

Could this be called SPECULATING with the money from the bailout? :wink: :shock: :shock:

Definitely....but really sounds more like greed again. Buying ships and crude instead of being a bank for the benefit of the people.

And they just turned out more money per Obama's request - but it will be different this time. :roll:
 
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