Citigroup uses taxpayer $ for a luxury jet.
January 26, 2009 6:34pm CST
Citigroup just finished the purchase of a luxury jet after asking for billions of dollars in government funding to help keep afloat. What?!?? Are you kidding me? They say they ordered the jet a couple years ago before things went belly-up so cancelling the order would mean paying a huge cancellation fee so it's better to just go through with the purchase. Fine, buy it.. then sell it. Or something. What's your take on this? http://www.upi.com/Business_News/2009/01/26/Struggling_Citigroup_purchasing_new_jet/UPI-16171233003259/
27 Jan 09
I'd say if it were a US-made jet what the heck. At least they're spending money so it'll have a positive impact on the US economy, but it's a French jet so bummer. Still, many parts may be made over here, I don't know. They could sell it to a celebrity or CEO of a SUCCESSFUL business, or one of those rich Arab princes. With all this money we're spending on bailing things out, I think taxpayers consider these private companies have an extra responsibility and this seems not to be an act we feel appropriate.