28 November 2015

Dean Procter

Dean Procter - Transinteract

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A place to share stuff that isn't at all fintec related but is amusing, absurd or scary.

Aussie Crash Remedy, Party Naked at the White Cock-a-too?

15 November 2008  |  3222 views  |  0

Australian resort owner Tony Fox has followed the time-honoured tradition of partying while Rome burns, with a month long all-nude and anything goes party at his White Cockatoo tropical resort in Queensland. It mightn't be the only thing getting burned and I expect there'll be a few Red Cockatoo's appearing any minute.

A 'cockatoo' is a very large, powerful and potentially noisy bird of the parrot family. The are capable of removing your pinky with their hooked beak.

In case you were wondering which bankers might be able to afford to be at the party, Reuters reports that the following banks have received more than $1 billion 'funding injections' under the TARP.

I guess the bankers always get to go to the best parties. Perhaps a bag of cash (and a red face) beats a Red Cockatoo.

At an all-nude party at the White Cockatoo one might have less chance of having their photo published partying, even in the Daily Mail, unlike the RBS Blenheim bash or HBOS's Hampshire bash last week.

My spies haven't spotted any bankers popping up at the Cockatoo yet, although it might be harder to recognise a nude banker.

We're waiting to see what the US bankers can come up with next. This is the list of $1Bn+  'injectees'. All we've heard of so far is deer hunting in Missouri.

AIG $40 billion

JPMorgan $25 billion

Citigroup $25 billion

Bank of America$15 billion

Merrill Lynch $10 billion

Goldman Sachs $10 billion

Morgan Stanley $10 billion

PNC Financial Services $7.7billion

US Bancorp $6.6 billion

Bank of New York Mellon $3 billion

State Street Corp $2 billion

Capital One Financial $3.55 billion

Fifth Third Bancorp $3.45 billion

Regions Financial $3.5 billion

SunTrust Banks $3.5 billion

BB&T Corp $3.1 billion

KeyCorp $2.5 billion

Comerica $2.25 billion

Marshall & Ilsley Corp $1.7 billion

Northern Trust Corp $1.5 billion

Huntington Bancshares $1.4 billion

Zions Bancorp $1.4 billion

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Ubiquitous mobile phone based payments, ID, transaction authentication, mobile wallet and transport ticketing.

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