EASY READING CULTURE OF LIFE NEWS: CITIGROUP BUYS VERY EXPENSIVE JET « Culture of Life News 2
Citigroup just purchased a tremendously expensive private jet. This is on the heels of begging, yet again, for another $45 billion bail out from you and me and everyone who has no private planes, much less, jets. This latest outrage doesn’t surprise me. No one is being arrested for vandalism, fraud and theft.
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.
We will tour this lovely jet later. First, let’s see what this super-spending organization is really up to:
Citigroup, Bank of America May Look ‘Nationalized’
The U.S. government’s decision to pledge billions of additional dollars with strings attached toCitigroup Inc. and Bank of America Corp. may be nationalization by another name, according to former bankers and regulators.
Faced with pressure from lawmakers, banks have shaken up management, eliminated executive bonuses and staff and canceled conventions. They’ll be forced to do monthly reports on how they’ve boosted lending while slashing quarterly dividends to one cent a share for three years.
“When the Treasury tells a bank to pay a penny a share vs. its old dividend, you know who’s calling the shots,” said Jon Bruss, a 40-year industry veteran and founder of Hartland, Wisconsin-based Fortress Partners Capital Management Ltd., which invests in banks. “It may not be de jure nationalization but I think it’s de facto nationalization.”
I remember when the odious Pelosi wanted not just a private plane, but a corporate private jet that could fly nonstop across the nation. A number of liberals online supported this stupid spending spree. I got emails from people complaining that I should not stop this private jet stuff because our rules need to be kept safe in these stupid bubbles.
So we get to struggle around in increasingly annoying and difficult to use public systems while the gnomes and political money bags fly private. Why on earth do any of these people deserve private jets? They can fly public and eat it. Especially if they are doing this on my dime. Now, let’s visit Dassault Systems:
Dessault has an extremely annoying opening page to their web site. I couldn’t locate their aircraft division so I used google. The page I got was a lot better than the opening page.
ombine Dassault’s fighter jet prowess, its advanced research capabilities and its passion for innovation and the result is a breakthrough design and extraordinary capabilities.
The Falcon 7X will fly faster, farther and higher than any Falcon we have ever built. Yet its agility and versatility will give you unequalled performance, both in the air and on the ground.
The seven defining features of the Falcon 7X are:
- High Speed and 5,950 nautical mile nonstop range.
- Uncompromising cabin comfort.
- Unprecedented value.
- Innovative wing design and controls.
- Unmatched reliability.
- Dassault’s signature three-engine design.
- Unbeatable versatility.
As you review the Falcon 7X information on this site, take note of how much capability has been designed into this airplane. Then compare it with any other corporate jet in the sky. Nothing else comes close.
Nice planes. Wish I had one. But I am not on welfare like Citigroup. Why didn’t these guys hold a garage sale and raise money this way? Instead, they are still on a buying spree. After all, ZIRP is bailing them out. So what, if I get 0% on my savings? They get to fly high.
Here is a shot of the bathrooms:
Who does Citibank’s executives think they are? Saudi princes? HAHAHA.
We gave $45 billion. They will fly off into the sunset. Maybe Atta’s ghost can hijack the jet and fly it into the Citigroup building in Manhattan. This is so ridiculous. Citigroup stock, despite sucking down billions from the Treasury, is still a penny stock. IT is going up but it is still a penny stock.
Lehman’s gnome, Fuld, is being forced to cough up his bonus he got for bankrupting Lehman Brothers, and he now has to pay for all the curtains and decor he bought one month before falling off the cliff. These guys have big eyes. They are all Emma Bovary cross dressers.
This morning, it is time again to review a large number of Federal Reserve graphs put out by the St. Louis branch. The entire planet earth has been washed over with a huge tsunami of easy lending which triggered vast, global inflation. Money values and systems operate very much like hydraulic systems. This is actually rather strange when we look at it realistically. The tsunami of ‘money creation’ due to radically increasing the amount of debt owed to the future has destabilized all economic systems from the largest empires to the smallest enclaves. The people responsible for this instability understandably refuse to understand this because it means they must stop doing all the wrong things. Things, that make them very happy. So they do not want to stop. Looking at these many graphs helps us see what has gone wrong.
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