Beleaguered Citigroup is upgrading its mile-high club with a brand-new $50 million corporate jet - only this time, it's the taxpayers who are getting screwed.

 

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.

 

http://www.nypost.com/seven/01262009/news/nationalnews/just_plane_despicable_152033.htm

Call me paranoid, but I kind of wonder about the timing of this story... do you think it's possible this is being set up as an excuse for Obama to use later down the road to completely nationalize the banks? Anybody who studies PR understands the public's perception of executives and the French are both horrible.

Silly bank.

Someone should buy a stinger....;)

http://www.huffingtonpost.com/2009/01/27/obama-officials-tells-cit_n_161202.html

 

Oh, Obama! *swoon*