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Date Posted: 08:56:12 01/28/09 Wed
Author: scooter
Subject: Something we can all agree on..

The so-called financial geniuses like John Thain of Merrill Lynch who spent more than a million dollars to redecorate his office, and the people at Citigroup who ordered a 15 million dollar private jet should be ashamed of themselves. They have driven our economy into the ground, and they should be held accountable. I hope they all lose their jobs. What disgraces these people are!

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Replies:

[> These people suck! -- Jeannine, 10:48:07 01/28/09 Wed [1]

I really do not know that much about all this high finance shit.... but bailing out company after company just can't be right. There are already so many examples of abuse of OUR money - I can't help but think we are going to hell in a handbasket here.


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[> [> I agree! -- niki, 11:34:13 01/28/09 Wed [1]

These banks and companies loaned out money when they shouldn't have. They took the risk, they deserve to go under.
I know it will hurt, but artifically boosting these companies isn't going to help anything in the long run.


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[> Oh no, that was a $50! $50 million plane! These corporate execs are so out of touch with -- LAwoman, 11:43:25 01/28/09 Wed [1]

reality it boggles the mind. I think they should all be fired and forced to do community service. Here's the status of the infamous plane at this point (from ABC News):

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.

The bank used TARP funds to purchase a new corporate jet for executives.The decision 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.

The jet, the epitome of corporate prestige and privilege, can carry 12 passengers in elegant comfort.

ABC News has learned that on Monday officials of the Obama administration called Citigroup about the company's new $50 million corporate jet and told execs to "fix it."


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