NEW YORK, NY – Wall Street executive Robert Rubin has successfully sued himself for $8 million.

The suit cited Rubin’s managerial incompetence while serving as CEO of Citigroup, a leading banking organization now sharing much of the blame for the financial crisis.

“Mr. Rubin wildly underpriced risk and speculated recklessly,” Mr. Rubin said in a statement.  “Much of our current turmoil stems from this kind of behavior, and it’s time I started sending a message to fat cats like me.”

The language of the settlement legitimizes Mr. Rubin’s grievances with Mr. Rubin, and the seven-figure payoff is a clear signal that those responsible for the crisis will be forced to pay themselves for their misdeeds.

When asked if he felt justice had been served, Mr. Rubin cautioned that more widespread litigation might be called for in a general sense, but affirmed that the settlement was satisfactory to him for the time being.

“This goes a long way towards reestablishing the equilibrium,” he said.  “Mr. Rubin made serious mistakes, and it’s time that Mr. Rubin answered for them, ideally to Mr. Rubin.”

Mr. Rubin added, “That’s what makes this country great.”

DJIBOUTI – The Somali pirates, renegade Somalis known for hijacking ships for ransom in the Gulf of Aden, are negotiating a purchase of Citigroup.

The pirates would buy Citigroup with new debt and their existing cash stockpiles, earned most recently from hijacking numerous ships, including most recently a $200 million Saudi Arabian oil tanker. The Somali pirates are offering up to $0.10 per share for Citigroup, pirate spokesman Sugule Ali said earlier today.

The negotiations have entered the final stage. Ali stated, “You may not like our price, but we are not in the business of paying for things. Be happy we are in the mood to offer the shareholders anything at all.”

The pirates will finance part of the purchase by selling new Pirate Ransom Backed Securities.  The PRBS’s are backed by future ransom payments from hijackings in the Gulf of Aden.  Moody’s and S&P have already issued their top investment grade ratings for the PRBS’s.

Head pirate Ubu Kalid Shandu said, “We need a bank so that we have a place to keep all of our ransom money.  Thankfully, the dislocations in the capital markets have allowed us to purchase Citigroup at an attractive valuation and to take advantage of TARP capital to grow the business even faster.”

Shandu added, “We don’t call ourselves pirates. We’re coast guards. This will just allow us to guard our coasts better.”