AIG or Citi, who is dumber?
January 27th, 2009
If you didn’t think that the deserved to be bankrupt AIG’s abuse of taxpayer money was enough, now Citi joins them in the land of could they be any dumber.
The New York Post is reporting that Citi has in fact followed in the footsteps of AIG and well, spent taxpayer money on a unnecessary luxury.
Even though the bank’s stock is as cheap as a gallon of gas and it’s burning through a $45 billion taxpayer-funded rescue, the airhead execs pushed through the purchase of a new Dassault Falcon 7X, according to a source familiar with the deal.
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.
There are just nine of these top-of-the-line models in the United States, with Dassault’s European factory churning out three to four 7Xs a month.
