Your Tax Dollars at Work: Citi's $50 Million Jet
When we first broke the news last month that Citigroup was selling off two of its jets, we thought the bank was looking to cut costs as it spiraled towards bankruptcy. Apparently not! The Post reported this morning that the bank is plunking down $50 million on a brand-new Dassault Falcon 7X. The decision to purchase the plane was reportedly made two years ago, although Citi still intends to take possession of it—assuming, that is, politicians in Washington don't come up with a way to scuttle the deal. (Senator Carl Levin said this afternoon that he plans to lobby the Treasury Department to "stop this absurdity from occurring.") The good news is that if the sale does go through, when Pandit is eventually fired and Citigroup is nationalized, we'll all be entitled to free trips, right?