November 20th, 2008 12:11 pm | by John Jansen |

Subject: *SOMALI PIRATES APPLY TO BECOME BANK TO ACCESS TARP



*SOMALI PIRATES APPLY TO BECOME BANK TO ACCESS TARP

*PAULSON: TARP PIRATE EQUITY IS AN `INVESTMENT,’ WILL PAY OFF

*KASHKARI SAYS `SOMALI PIRATES ARE ‘FUNDAMENTALLY SOUND’ ‘

*Moody’s upgrade Somali Pirates to AAA

*HUD SAYS SOMALI DHOW FORECLOSURE PROGRAM HAD `VERY LOW’

PARTIC PATION

*SOMALI PIRATES IN DISCUSSION TO ACQUIRE CITIBANK

*FED OFFICIALS: AGGRESSIVE EASING WOULD CUT SOMALI PIRATE RISK

*FED

AGREED OCT. 29 TO TAKE `WHATEVER STEPS’ NEEDED FOR SOMALI

PIRATES