Levin livid over reported Citigroup jet purchase

Source: The Detroit Free Press

WASHINGTON – Sen. Carl Levin of Michigan is beside himself over a report that Citigroup is buying a $50 million corporate jet considering that when the heads of Detroit’s automakers came to Washington in private jets to ask for aid they got blasted for it.


The federal government, after all, is into Citigroup for $50 billion under its package to rescue financial firms. Eventually — thanks to President George W. Bush — General Motors and Chrysler got a line on $17.4 billion, but only after agreeing to give up their corporate jets. (Chrysler didn’t own one, but now doesn’t even charter or lease one.)


No such requirement for Citigroup — or the other financial institutions getting money under the $700 billion Wall Street rescue plan — exists.


The New York Post, citing “a source familiar with the deal,” reported today that Citigroup executives authorized the purchase of a new Dassault Falcon 7X, which, according to the Dassault’s sales literature, seats 12 in leather seats and sofas and includes a custom entertainment center.







Read more: http://www.freep.com/article/20090126/NEWS15/90126063/Levin+livid+over+Citigroup+s+reported+purchase+of+$50-million+private+jet

Next time buy the fucken bank (not their "troubled assets").

That's what it has come to.

If you want to get rich you've got to break the law. You just have to be careful not to get caught.
:dem

He and Page own a Boeing 767-200.

http://www.dassaultfalcon.com/aircraft/7x/



it`s a french jet.......

You voted 700 billion to shoddy shady banks and deliberately left out any accountability requirements.

Dem thieves are actors; repub thiefs are actors. Get them all the hell off stage and into jail.

Hey remember Carl pulled this snme act regarding impeachment hearings back when the Dems took control.

Clean out the People's House ; it is the damned Augean stables and no Hercules in sight.

If we don't get really angry, really fast we are doomed to paying the bills for these thieves and their enablers.

And good on Levin for highlighting it. One industry (that employs blue-collar workers) is forced to give up its corporate jets in order to get bailout funds, while another industry (that employs white-collar workers) is allowed to use bailout funds to buy a corporate jet.

Classism, much?

:puke:

Ho hum. I'll be waiting for Conyers and Levin to actually do something more than express their usual outrage. I want to see some ACTION you pathetic, whining bitches!

from offical scrutiny and consequences.

Since the taxpayers paid for it.

I'll take a nap.



Tansy Gold

we are supposed to go shopping to revive the economy, right?

Just being snarky.

Bake

but f the French! Let them get their business elsewhere! hehee

To me a Democrat should show compassion for the rest of the world, but dammit, America comes first. There's a reason they tell you to put the oxygen mask on yourself before you worry about putting them on your kids. We're not going to be much help to the rest of the world later if we're broke.

for the French as stupid as it is! I have a rightwinger friend who still says "Freedom Fries." Eeesssh...

People were serious about that? I thought it was just a sad joke.

because France didn't support the illegal war against Iraq, that was it for her. But I busted her saying "French Toast" the other day...hehehe She's having trouble adjusting to an intelligent DEMOCRATIC President, you see...

The incompetence of Congress and its wasted trillions make Citi look like Benjamin Franklin.

They can fly commercial like the rest of us.