So how many people at Travelers are breathing a sigh of relief today that they’re no longer associated with Citibank? They’ve got the profitable business, a bigger market cap AND their big red umbrella back, so it is hard to imagine how they could be happier.  It isn’t all sunshine and lollipops – note the big hurricane losses, investment losses and some provisions for payouts to Madoff investors – but it was enough to send the bears to go sit in the corner.

In other news…

• Citigroup hangs head in shame, decides not to take delivery on the Dassault 7-x after all. Kos says the deposit they put down a couple years ago may be $17.5 mil, which they forefeit if they can’t find another buyer. Pretty sure someone will step in. Anyone at Travelers interested?
• Print your own money, do not go to jail, do collect $200.  Similar to corporate scrip, this local currency is the community-building alternative to just straight up doing it Bartertown-style. Props for the William S. Burroughs bill. [h/t to Caroline B]
• MainStreet has a sneak peek at some Superbowl commercials. My favorite: Roethlisberger gets his milk mustache painted on. (Next slide in that slideshow: E*Trade can somehow still afford Superbowl spots, and the trader baby now has a posse.)
• Ponzi the Third:  Nicholas Cosmo, in bed with the mob.