CitiGroup Gets $50M Private Jet With Bailout Money

[altimita]

wonder if they know you can skype internationally for free..

[HYPHYDUM408]

WOOOO HOOO HELL YEAH MR.VIKRAM PANDIT. thanks for stickin the G6 bill to the civilians!

[AW320]

Correction. They placed an order for a new Gulfstream 650, yet to be delierved. The end price of a G-650 is approximately 70M dollars.They are building a lavish facility at White Plains, NY airport to support their flights operations.

[Crazyman1212]

Like a G6 LIke a G6

[TheSteelersbeast]

oh the american left, how laughable you are :)

[111WLee]

@TheSteelersbeast JAMIE DIMON (CEO OF JPMC), AND CNBC TELEPROMPTER READERS WILL GET LOCKED UP FOR ILLEGALLY MONITORING MY EMAILS AND PRIVATE LIFE. THIS IS NOW MY LIFE MISSION IT MIGHT TAKE MONTHS IF NOT YEARS BEFORE THEY ARE EXPOSED AND SUBSEQUENTLY ARRESTED PUBLICLY TELL EVERYONE YOU KNOW ABOUT THIS.

I SENT FAXES TO JEFF ZUCKER (212-664-2830) INFORMING HIM OF THE PENDING CRIMINAL CHARGES AGAINST MELISSA FRANCIS AND CALLED FOR HER FIRING. HE IS AWARE THAT THIS IS HAPPENING.

READ MY PROFILE

[munsterr777]

KILL THE BANKS!!!!!

[sanforce]

Good for them, it's a great jet!

[111WLee]

@sanforce JAMIE DIMON (CEO OF JPMC), AND CNBC TELEPROMPTER READERS WILL GET LOCKED UP FOR ILLEGALLY MONITORING MY EMAILS AND PRIVATE LIFE. THIS IS NOW MY LIFE MISSION IT MIGHT TAKE MONTHS IF NOT YEARS BEFORE THEY ARE EXPOSED AND SUBSEQUENTLY ARRESTED PUBLICLY TELL EVERYONE YOU KNOW ABOUT THIS.

I SENT FAXES TO JEFF ZUCKER (212-664-2830) INFORMING HIM OF THE PENDING CRIMINAL CHARGES AGAINST MELISSA FRANCIS AND CALLED FOR HER FIRING. HE IS AWARE THAT THIS IS HAPPENING.

READ MY PROFILE

[windycloud23]

Bizjets, when operated efficiently, bring great competitive edge to the owners or chartering customers. The bailout funds forced into most banks pockets by the gov have since long been paid back with interest. We didn't need it neither did we ask for it. Typical case of gov inefficient interference in business.

[prettyboy1970]

Really? Computers, internet, video conferencing, email, fax, etc have made the works a smaller place. There is no need for businessmen to travel to meet face-to-face with all of these communication tools available. The private jet as a business tool will soon be obsolete.

[Learjetjock]

I love how these people do not understand the importance of companies having these jets........ They are business tools... They upgraded to the 7X because the 900EX's were slower, had less range and less maitnecne reliability. Companies need these airplanes.

[Ridedirtba25]

Will be stuff huh? That sounds intelligent.

[naisi]

Oh my god how stupid can one be?

Cancelling an order on a plane is very costly because of the contractual penalties. So - either pay the penalties and not have a value for it, or pay the price and have a value. Not a hard decision.

[Ridedirtba25]

Oh my god! Apparently not as stupid as you. That logic is flawed! Think about the fuel charges and the insurance and a space to store it and maintenence etc...It's that same mentality that got them in that situation to begin with. There are nothing but greedy theives! If you own 2 jets already you don't need a new one! Especially when the C.E.O.'s are already stealing money.

[777NVN]

Americans are stupid people aren't they?

[Ridedirtba25]

Yeah! Come on by, I'll show you how stupid my American Made S&W looks in your mouth!

[777NVN]

@Ridedirtba25 You are still stupid and my AK-47 will be stuff up your asshole boy.

[DataSeven1]

wait a minute... werent' these bailouts introduced before Obama came to office? How come all of a suddent it's Obama's bailouts when Bush started the whole thing?

[2204Alpha]

Um, no, Obama and the liberals in congress did.

Idiot.

Bush cut taxes, Obama just gave away free money.

[Dah77]

What do banks actually do to justify all the money they make? Keeping our money? It wont be long before banks own the planet.

[Yoetah]

Wow, Friday Oct 30, 09

Citigroup got bailout money - now they're going bankrupt. Wow, that was money well invested!

At least Citigroups top exec got a substantial amount for this tragic bankruptcy...only the shareholders get screwed. That's life on Wall Street, huh!

And how about Obama hiring Adam Storch, a former Goldman Sach's employee.

Adam's new job will be enforcement officer at the SEC (Securities Exchange Commission)

Wall Street loves Obama!

[2204Alpha]

You can blame Obama!

[branblaze]

what a clown

[branblaze]

what a clown

[celloncllone]

mezlek2...bailout IS taxpayers money since american debt, whoever owns it, has to be paid by the people who are part of and make up the country. in other words, paying a government debt off can only be done by taxing...americans...so WE in that sense ARE PAYING...any you know who we're paying? the asians with INTEREST to top it

[LJR8792]

WRONG -

1. The Porkulus Bill(s) did NOT SPECIFY what a company taking that money was supposed to do with it...PERIOD.

2. .....How's that "Hope and Change" working out for ya???

[mezlek2]

bailout is not taxpayer money it's Chinese government money buying US debt

[ant10011001]

Thats just it!

The LAW will state that he does not own the house. His wifes is the LEGAL owner and therefor cannot be touched.

[JonPurdue7]

you people are all fools...

[MotherFlower666]

I say we revoke their citzenship and bring in the US army and just take it back and then leave them in some deserted island and collectively pretend like nothing happened

[mssquirrely]

LMAO!!

COUNTRY IS RUINNED !!

[dud3man6969]

The banks own the fed. It is not part of the government. So this bail out thing was the biggest scam ever. They gave money to themselves and we have to pay it back. The way the national debt keeps going up I guess we the People, have become we the Collateral.

[2204Alpha]

@dud3man6969 social security was the first great scam

[dud3man6969]

@2204Alpha Actually the Federal Reserve Act was the before that and lead to that and much more.

[Lezaksvetly]

Obama will destroy your country with even more debt. That halfmonkey has no real influence at all...

[EIH3021]

Half-monkey?

You sound racist, for real.

[Evenor48]

Fuck you

[collinmeister7845]

you freakin racist dude obama s awesome

[acsmashing]

There's no problem with Citi-group owning a private jet. It gives people hundreds of jobs.

[pberrios0223]

your an idiot shut up....

[SoCalFlya]

A seven hundred billion dollar stimulus bill which is loaded with pork, and you complain about a 50 million dollar jet? That jet has saved thousands of jobs alone.

[1whiteiphone]

yikes i hope he dosn't last long, the sonner the better.

[dmh77yy]

This is what happens when you elect a socialist pig like Obama.

He gives away trillions to his big business pals.

By the way Citigroup is contractually obligated to purchase the jet. It takes 2 years to build this plane. If they backed out the airplane company would sue them and still get their money.

[oliverman22]

I agree. Obama absolutely sucks.

[1whiteiphone]

you rock

[oliverman22]

Thanks haha. I tell you Obama wont last long so no need to worry for now..... haha

[acsmashing]

Obama is definitely a nigger.

[1whiteiphone]

you say it man

[nezpercenathan]

I don't always agree with TYT, but here they have hit on some absolute truth.

[kymystic65]

mega greed is alive and well in the US of A.

Didn't something like this happen in France

"Let them eat cake"

[102102020]

Oh Wake up Cenk!

Obama is a POLITICIAN

Obama is gonna do NOTHING

Politicians are in it for the MONEY and power

And you're an idiot if you think Democrats are any better than Republicans

Republicans - OIL

Democrats - WALL STREET

[celticlofts]

Actually US politicans make very little money compared to European politicans. The Irish Prime Minister makes more money than the US president.

[osoblanco91]

thats the truth!!! with some cheese on it!!

[mdmceuensr]

Only thing I want to ask is what the F*#~ was this guy was drinking, and what payroll is he on.

[Vash1202]

What the fuck was that shit? He just took the money and LIED saying he lost it all through business? That's fucking robbery....

[sphinxrising58]

I fail to see why a private jet is needed in the first place with state of the art communications being available that enable multiple people from as many countries as possible to all sit down to a video confference call like they was in the same room.

Much less expensive than everyone flying in from all corners of the world.

[bertista3000]

Thats the most sense i ve heard in a while

[js2040]

I pray that we as a nation will take Gods advice for his bailout package plan, 2 Chron 7:14 "If my people whom I call by name, will humble themselves and seek my face and turn from their wicked ways, then will I hear from heaven, forgive their sins and heal their LAND".

[nano404]

Yeh, thats what all the un-informed public say. I won't even get on the topic of the importance of a jet. They ordered the jet years ago, no government money would have been used. And what if you sell two jets for 27mil each, and buy a new one for 50? Do the math. Now you cost them 17 million, and your bailout money will pay for that. Congratulations public. Your ignorant yelling has cost you 17 million to cancel a jet you never was going to pay for.

[sshapewa]

its amazing how this fat fuck cenk endorsed obama and keeps on complaining,obama is a corporate whore sucking dick,and u assholes that voted for him are the financiers of this madness!!!

[whisky432]

nice obama, good work. you've given hope to america and changed everyones lives. too bad you have no idea what your doing though! retard

[UrinationNation]

stop paying taxes and you will be absolved of any involvment your self.

[scotplaya]

most people voted for obama cuz he's black.

[ninadbhatt]

too bad people don't vote people for being retarded or you would have won

[TheRealArchAngel]

1) Take 3 years to build the Jet, it was was ordered before the Bailout

2) The company that builds the jet had to lay off 4500 people beacuse of this bullshit

3) There will be no pilot hired, no co pilot hjired, no navigator hired, no stewards/stewardess hired, no ground crew hired to maintain the thing(could be a few hundred peoploe), no hnger rented(giving the rental company that much less business), no need to go to a Fuel depot (giveing them that much less business) resulr=muliple layoffs

[TheRealArchAngel]

Thought Obama and the Conrgress are supposed to be creating jobs, not killing over 6000 of them with the cancellation of one jet

Make all the corporations asking for a bailout sell their jets and they will put another Few thousand people out of work that maintain them

[UrinationNation]

Your math is fuzzy, cus you left it out and it grew mold, if it's my money they get, they can learn to walk just like me, or take public transport to their golf games. If it takes 6000 people to get one fucking jet to these fucking scumbags, then the company making the jets needs to check their overhead because I have a feeling their zeebra wood reclining seats, wrapped in koala leather are a waste of my money.

[oldhacks]

remember this cenk?

/watch?v=reRnO5CZpRA

[fooschnikens]

I love how the U.S. has continued to protect Japan with our military for free since World War 2. Japan has no military expenses (because they have no military), so the Japanese government pours all of its money into research and development for sony/honda/toyota/etc. and then those companies slaughter American companies that aren't being funded by the American govt. because the American govt. would rather drain the federal budget building our military and waging pointless wars

[StudioMixxx]

It isn't just Citibank - Charter one bank is just as guilty as Citibank. They are all criminals in suits

read my amazing story on how charter one bank handled my banking account... I cant post links here so search rip off report -- report number 364438

[ponic420h]

Didn't something happen to the new Shea Stadium because of this, like the Mets can't play there or some shit?

[zweleyzzz]

Public Execution on Wall Street to all Financial TERRORISTS.

[rspkk0]

Seriously...WHAT THE FUCK!

Why am I giving my money to fucking millionaire scumbag faggets who don't give a shit about me.

[paleoman1999]

I can't believe someone hasn't started shooting.... I mean how much can the people of America take of this bullshit?

[ShaneEnochs]

The way we always have - by looking the other way.

[sumlatinkid]

well...i thought the same thing until i saw this vid its pretty old but its still very relevant.

search on youtube this title

Network - Mad as Hell Scene

[prokrastinatorSF]

This is what happens when you authorize $700 billion with NO OVERSIGHT just because politics says it needs to be done right away. It's OUR money and we want to see where it went! enough bullshit.

His wife should divorce him. She'd get to keep the whole damn house. THEN his risky behavior would finally hit him in the ass.

[UNCLEDAD800]

How come the media doesn't cover the wasteful spending of the government like they did the O.J. SIMSON CASE, or when BRITNEY SPEARS wasn't wearng any underwear???

[Tom123collins]

Because, unfortunately, most americans care more about O.J. or Britney Spears than they do about how our country is run.

[UNCLEDAD800]

I disagree the media forces that crap down the viewers throats and you can tell because ALL of the news stations basically report on the same stories. And it's not the media's job to entertain the public BUT report the news as it affects the people. AND WASTEFUL GOVERNMENT SPENDING IT SOMETHING THAT THE GENERAL NEEDS TO KNOW ABOUT. AND NOT JUST 2 MINUTE SOUND BITES!!!! I DON'T KNOW MAYBE I 'M WRONG!!!!

[Tom123collins]

I'm not saying it's right, I'm just saying. People are more interested in celebrity gossip bullshit than real issues that could actually affect their lives.

Sad...very sad.

[leafnut1]

@UNCLEDAD800

How come?? That's a real question ? I applaude your spelling and grammar but do the brightest Americans also have to be just as stupid my belly button lint?

[UNCLEDAD800]

@leafnut1 you saying I can't spell? Well isn't there 2 (S's) in ASSHOLE????? LOL..

[leafnut1]

@UNCLEDAD800 Aren't there?

[rustyan10]

PUT THEM IN JAIL!

[khataroo]

Give the money to the public so they can pay for their houses. Wouldn't that bail out the banks?

[mcaldwell86]

Where is my bailout?!? When are they going to give our parents back their retirement money? When are they going to stop buying private jets and stop laying off workers? Heartless, greedy trolls.

[touristinexile]

Houses in florida are not recoverable. He had some reason to transfer the house to his wife. He may have another house in florida. I would be nice to have a story explaining how florida lets you keep your home under some circumstances.

[godzillaislarge]

fuckin greedy pigs

[JPfromFlint]

It pisses me off how the government just throws bailout money at all these banks but the BIG 3 (GM, Ford, Chrysler) has too get on their knees, cry, beg and jump through flaming hoops just to get a LOAN

[eirefrance]

The only reason the govt is making them do that is because the response to the original bailout was so negative, especially after all of the pigfucker CEOs pulled shit like this. Our Congressmen & women, both sides of the aisle, couldn't care less about fixing the country, they just want to get re-elected.

[ValyTraveler]

Dude, we're already awake and wondering why the tax payers still have to pay for the f**king jets and houses while we lose our jobs and eat our daily bread from the local food banks.

Why is faux saying that the bailout will only make the american worker lazy when we like having paychecks that we worked for - affordable insurance - and that occasional vacation. I swear it is high time that the 'fat-cats' stop underestimating us. Cause when the working class people quit - we are all f**ked.

[eekdog2005]

Obama voted for the bailout....

[ajc06]

Ha, that subthread with dlmaniac, theaphexxtwin and then WholeLottaGlen is like the three stages of wingnuttery: how can going into debt result in higher income down the road? --> Medicare and SS are $20 trillion Ponzi schemes and Obama's going to destroy the dollar and he doesn't even know it! --> Obama's going to PURPOSELY destroy the dollar so he can replace it with the AMERO, which will be the currency of the NWO!!!11!!!

Hilarity.

[johnedwards1968]

The Amero is NOT going to happen. Why would Mexico or Canada or anyone else want to be saddled with the US economy at this point in time?

[alecton]

You'd be amazed how Mexicans still think Americans are the richest in the continent. So... you better hope the amero doesn't happen, Mexico would GLADLY get into the whole north american union, I know, cause I'm Mexican.

[ajc06]

"The Amero is NOT going to happen."

Um, no shit. You realize I was making fun of those comments, right?

[peppermintpaddy]

they'd freakin shoot 'em in china!

[DameDiabolique]

News Update on this story: According to ABC news, Obama's Treasury Department called an official of CitiGroup and complained to them about this jet and CitiGroup has said that they will not go through with the jet.

"We have no intent to take delivery of any new aircraft."

[Richardgwm]

This should be a capital offense. Put to death the board of directors, and that will solve this kind of hubris.

[PlayT0E]

Follow the money and take down those who got it ...

As for the corporate jets, they all need sold.

[nevedis]

Here is an idea: How about invading Cayman islands etc.? I'm not calling it, I just throw that idea to air and hope that wiser and more knowing people like Cenk argue for and against it.

[dlmaniac]

Chill, guys. All Citi did was to follow Obama's economy recovery blue print and stimulated themselves with a shove-ready 21st century jet. With that, they not only brought selves an infrastructure upgrade but also created jobs for jet manufactures. Win-win.

(end of sarcasm in case you cannot tell)

This whole nation is like a Citi group. Seeing the jet insanity, anyone still believes government should spend a nation in deep debt out of trouble? Think twice b4 you support Obama's spending spree.

[theaphexxtwin]

i couldnt agree more. The press is kicking off about the 50billion ponzi scheme when medicare and social security are essentially 20trillion dollar ponzi schemes.

Obama has good intentions but he has surrounded himself with federal reserve hacks who have a different agenda. He is going to crash the dollar and he doesnt even realise it. I guarantee all of you that 2 years from now you will not be using the dollar in america. It really is that serious.

[WholeLottaGlen]

Agreed. One thing though that you forget to mention, They are bankrupting the Dollar on purpose so they can introduce the AMERO in 2010 and the second of 4 world financial blocks that will be the basis of the NWO economy!

[zzzbbb123456]

American its time to use all the guns you have. A giliotine is on its way, its shiped with UPS.

[fjferd]

Sound good to me, too many sheep though youd be put in a mental institution.

[bustosricky]

its a good time for lehmans CEO's wife to seek a divorce.

[SamariaTV]

They should be imprisoned, their assets liquidated.

[SamariaTV]

Companies that get bailouts should not be allowed to fire people.

[TonyCliftonBaby]

im glad i dont know where these ppl live, cause theyd need a fuckin castle to keep me from stickin their heads on a pole

[CaligalinLibrary]

I hope a bunch of senior citizens with pitch forks go after these guys.

[BlooBeluga]

spoiled fucks. funny though, probably the way it always is. marxism at its finest. poopy heads

[voomradio1]

If Obama does not start monitoring Wall st. and all these crooks, I think I see an American revolution coming. Taxpayer can only put up with so many crooks, before they flip.

[bsseidel]

i would love to hear more about this kind of garbage that seems to happen once a week and less blagojevich 24 hour coverage.

[hellshade2]

these top level corporate people are all scum all they care is what they can get and they don't care who or how many they screw along the way.

[poolstic63]

Socialism for the rich. That's what capitalism is.

[eljefereal]

???

If Capitalism were to run it's proper course, your so called 'rich' would be penniless.

[highway234]

honestly, these fuckers need to get an honest trial. and then, if they're really guilty, they need to spend the rest of their lives in supermax, hob-nobbing with rapists, killers and child molesters.

i'd like to say they should be hanged, but as the cliche goes, that's too good for em.

[saucy05]

How about the former Merril Lynch CEO who furnished his office with an $87,000 rug !!! and more than a billion dollar worth of bonuses to his friends, right before it was acquired by bank of America with the governments assistance.

[JR1070]

We the tax-payers keep getting screwed so much that it isn't big news any more. Nothing we can do about it anyway.

[hhubble]

Darn, I was just in the market for a12 million mansions too. What bad luck, I could've gotten one for 100 bucks. What are the odds of the Dickhead selling it to his own wife. Oh well.

Some people just have all the luck. I guess I'll have to wait my turn. Some day Reaganomics will trickle down to me. I just know it. I have this feeling in my heart. Any day now.

FUCK YOU CORRUPTED MORAL LESS, HYPOCRITE, INCOMPETENT FUCKING NEO CONS. YOU LOVE REAGAN, HE WAS A REJECT DEMOCRAT/ACTOR.

[crowdaddy13]

you should just pull yourself up "by your bootstraps!"

thats what reagan would do!!!!

fuck republicans

[TheEnthusiasts]

sons of bicthes

[djslyfox]

I should have become a CEO so i can also rape the system since the citizen of the republic are so blind my god why oh why people cant grow some balls?

[UGOTDAJACK]

Stupid americans. The rest of the world wouldn't give a fuck about what you're letting happen to your country if it didn't effect us but unfortunetly for us it does. When the fuck are you idiots gonna wake up? Seriously. What is it gonna take for thousands of people to march in front of the Federal Reserve every single day until it is shut down? I just hope that when the economic crash finally arrives only america feels the devastating effects that it will bring.

[jsg103]

Most of us have nothing to do with the state of our economy, its the crooked politicians (i know thats a redundant statement) and everyone feels our economic problems bc we are stupid enought to give other countries money on a regular basis and then borrow from others to afford it, and we still are the economic center of the world (arguably I believe london will be equal and is very close right now). If you don't like us, don't do business with us.

[djslyfox]

No china is the economic center....we borrowing trillions from them, at this rate we might as well learn chinese

[jsg103]

Good point, I did leave that out, I would say china rivals london and new york at this point. We are borrowing all the money from them but it doesn't necessarily mean they are center of everything. I haven't looked up anything lately but i've seen studies in the past 8 months or so that pointed to london, ny, and also some that had china at the center, non were all to conclusive, I think its safe to say all 3 are at this point, for now anyway.

[Pleblian]

It's not just their banking system it's their corporate policies that have done the most damage. They have literally created third world economies because of the monopolizing on the natural resources that don't belong to them. Right now Canada is getting raped by these pricks, where the northwestern US has yet to pay for the natural gas and potable water we've been giving them. They get pissed when we send them the bill and act like should grateful for being their presents.

[l0gically]

These assholes need to be JOBLESS. End of story.

[wisdumcube]

And penny-less.

[Voodooray007]

and get their asses whipped

[FrankieArts]

Whats sad is the justice department and law enforcement is going after pot smokers instead. I just read that MJ arrests hit an all time high of 830,000 arrests in 2008. They'd rather go after a pot head not hurting anyone instead of a white collar criminal hurting everyone.

Even if they did, who still would get the worst deal? Madoff who stole 50 billion, or the pothead with a baggie of weed? Id bet the stoner get more time in jail.

[RexNunc]

Im gonna barf

[facelesshorseman]

What hasn't been talked about is what happened to those who tried to be honorable in their professions for the past 20 years.

"Sorry Bob, you're just not a team player, we need everyone to be on the same page here."

[malik910]

man these dudes are raping the hell out of the taxpayers. 50 million dollar jets. 13 million dollar homes. Now that the economy is in the dumps were seeing who the real criminals are. there robbing 100s- 1000s of people for there entire savings

[closetathiest]

actually there is a reason why they bought a jet. and it sucks. first they can write off the trips as a business expense and write off the depreciation of the jet. basically they are using our taxes to help them get an asset that will reduce their taxes.

[rogermoore27]

people get annoyed by violence on the streets but dont understand the crime perpetrated  by fraudsters who do their FUCKING SHIT through companies. If your economy gets further fucked up, I wont feel sorry.

[WKaliber1]

fuck americans

[GodKillerAtheist]

agreed I'm an American and I need a fuck

[widgit007]

Godkilleratheist. LOL. Nice one.

[achampag]

omg WHAT!? BASTARDS!

[mckennydarryl]

No more money for these wankers that dont care

[baddmanaz]

not fair