Citibank Execs want private corporate jet now?
Citibank Execs want private corporate jet worth $50 million.
This sounds outrageous. On Monday over 40,000 jobs were lost in the US. People are losing jobs and fighting for survival, and these banking execs are worrying about ‘upgrading’ their already lavish corporate perks.
A large part of the current problem is due to the banks refusing to make credit available to small businesses and individuals. The bailouts are not working and, quite frankly, are being diverted to propping up balance sheets, executive compensation, and perks (like Jets) rather than increasing credit availability.
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