Update to the Source Interlink’s débâcle, you remember the publisher of your favorite surfer magazines. Citi Bank, with money from its own bailout, is now buying a 80% controlling share in the the publisher.

This furthers my assumption that the people at Citi have no f*%&ing clue what they are doing and are wasting our tax money on a debt ridden ($1.5 billion) company that has little hope of turning around.

story via: 5ones