Blog Post

TAX PAYERS DOLLARS WASTED AGAIN AT CITIGROUP

Posted by: William Gentile
January 26, 2009
Topic: Around the Town

Citigroup is continuing on with its purchase of a new, $50 million corporate jet according to the Post. The government last fall bailed out Citigroup to the tune of $45 billion. The banking giant announced it will cut up to 50,000 jobs and had a staggering $8.29 billion loss last quarter. The French-made luxury jet seats up to 12 in a plush interior with leather seats, sofas and a customizable entertainment center, according to Dassault's sales literature. Citigroup is trying to sell two of their Dassault 900EXs for 27 million each. These jets are only 10 years old! 

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