The high-flying execs at Citigroup caved under pressure from President
Obama and decided today to abandon plans for a luxurious new $50 million corporate jet from France.
came 24 hours after the banking giant, which was rescued by a $45 billion
taxpayer lifeline, defended buying the state-of-the-art Dassault Falcon 7X -- one of nine to be flying in U.S. skies
-- as a smart business deal.
This particularly warms my heart:
ousted Merrill Lynch CEO John Thain said he would personally cough up the
$1 million he spent on remodeling his office after his brokerage was rescued
with billions in taxpayer cash.
I like shopping as much as the next person, but how in the holy hell do you spend a million dollars remodeling an office??? Furnish it in gold bullion?
Welcome to the world the rest of us live in, where paychecks are stretched thin, working for a living means actually working for a living, we put gas in our cars instead of fuel in our private jets, kids go to school in perfectly good second-hand clothes instead of designer fashions, towns are dying and Americans in one village in Alaska are having to choose between milk for their children or heating their shacks.
You had a nice long run at our expense, guys, but the party's over.