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January 26, 2009
Posted: 03:52 PM ET
CitiGroup is spending some of their federal bailout money. Do you know what they're buying? (Getty Images) Something to take note of today: The word I'm thinking of is "tone-deaf", however, this is not about music. It's that rare ability to read the mood of the country and then do exactly the opposite. (This usually doesn't happen to people who twitter, blog or keep up at all with the social media, but maybe that's my own bias.) Here's the point: at a time when tens of thousands of Americans are losing their jobs, and when those same Americans are having to bail out huge corporations for the good of the whole, what do we learn today? Citigroup, the bank that's gotten $45 billion in government aid, is moving forward on buying a new corporate jet. The New York Post reports the jet costs $50 million and seats only 12 people...12! The leather is said to be extremely plush and the plane is one of the fastest in the world. It can go six thousand miles without re-fueling and tops out at 559 miles an hour. Asked about the plane: Citigroup says this: If this represents a reduction, one wonders what they do when they splurge? Tell me what you think.
Filed under: Rick's Interstitials |
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