Citigroup Mess
Today I was going to write about Blagojevich, but this morning a news story on Good Morning America caught my eye.
Citigroup has just purchased a $50 million dollar jet. Citigroup which has received atleast a $45 billion bailout, claims that they are not using the bailout money for that. I find this to be completely dishonest. They are banks and they know how this works. They sold two other jets to help fund this, while the sale of those two jests is unlikely to be enough to cover the costs. Also, they may have sold those two jets previously, but without the bailout that money would have gone to help the company. This is like knowing your parents will help you out if you are low on money. You are willing to risk a little extra, spend more of your money on something you want, because you know you can replace that money from your parents.
So while they claim that they are paying for all of it without bailout money, Know that the real owner of the jet ius the american people. Think of it as a gift to Citigroup, after all they have been doing such a great job recently.
