Tuesday, January 27, 2009

After Receiving Bailout Money, Citigroup Buys new Jet

This is a bit of an old story, but Citigroup has decided to take delivery of a new Dassault Falcon jet so its executives can fly to Washington and ask for more taxpayer money. Citigroup claims that not taking delivery would have cost them millions...but they didn't turn around and sell the jet after taking delivery, did they?

Citigroup claims that it will save money by operating the new jet...because it's more fuel-efficient. I'll tell you what's more fuel-efficient and economical: commercial airlines. These bastards should be flying coach after getting TARP funds.

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