Showing posts with label Outrage. Show all posts
Showing posts with label Outrage. Show all posts

Monday, January 26, 2009

Plane Stupid: Bailout Bucks Buy Bank's Private Jet

Citigroup just took a $45 billion bailout from taxpayers -- and just bought a new Dassault Falcon 7X for $50 million.

The picture gives you an idea of what the innards of a Falcon 7X looks like.

From the New York Post:
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. It can cruise 5,950 miles before refueling and has a top speed of 559 mph.
Citigroup bought the French-built plane a couple of years ago when subprime mortgages had Citigroup flying high on financial instruments. The bank decided to go ahead and take delivery despite having to ask taxpayers for the bailout.

Tuesday, December 09, 2008

Hey, We Only Lost $11 Billion

John Thain, CEO of Merrill Lynch is putting in for a $10 million dollar bonus.

His logic is that Merrill Lynch -- which lost $11 billion -- isn't in as bad a shape as say Lehman Brothers or Bear Stearns which collapsed completely. (CNN)