After taking 45 billion in tax payer money Citigroup unveiled their plans to purchase a 50 million dollar luxury jet that seats twelve. Fortunately the Obama Administration stepped in – and what do you know? – bye, bye jet.
ABC News has learned that on Monday officials of the Obama administration called Citigroupabout the company’s new $50 million corporate jet and told execs to “fix it.”
Earlier on Monday, White House spokesman Robert Gibbs said made it clear ABC News asked him about the jet that the president disapproved of the deal.
“The president said this during the transition, as it related to the auto companies using private jets: [He] doesn’t believe that’s the best use of money at this point,” Gibbs said.
Citigroup’s response after the spanking…
“We have no intent to take delivery of any new aircraft.”
The mindset behind the attempted purchase of this jet sums up what is wrong with big business.