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