NEW YORK - Pressured by the Obama administration, Citigroup Inc. reversed course and said it will not take delivery of a corporate jet it previously planned to purchase.
But IT WILL!!!!
The canceled deal comes amid a chorus of concerns from politicians who are worried about how banks that have received federal funds are spending the money. Citigroup has received $45 billion from the government amid the ongoing credit crisis....
You BUYIN that SHIT FOOLEY, 'murka?
On Monday, the New York Post reported Citi was set to take possession of a new jet, and was still planning to receive it even after receiving government funds. With the cancellation of the deal, a deposit will be lost, but is recoverable once the jet is sold, according to a person familiar with situation.
Citi was in the process of purchasing a Dassault Falcon 7X for $50 million, the person said. Citi is also planning to cut the number of jets in its fleet to two from five, said the person.
The "UNKNOWING ARROGANCE" is the MOST DISTURBING THING!
These people DON'T KNOW WHAT the VALUE of MONEY is or WHERE IT COMES FROM -- WORK!!!!!
