After receiving billions of taxpayer dollars, Citicorp is preparing to take delivery of a brand-new $50 million corporate jet.
According to the New York Post, the banking giant placed the order for the jet two years ago in better financial times but is planning to go ahead with the purchase, despite their current financial woes.
New corporate motto of the recently nationalized industries in the US: your money is no object.
Allahpundit blogging on this now too.
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1 Comment
January 28, 2009 at 3:20 pm
maybe this is rationalized as an indirect bailout of the luxury private corporate jetliner business…
THEY MAKE ME SICK!!