It’s a good thing the good taxpayers of America gave Citibank a $300 billion dollar bailout or they would have had trouble adding the new corporate jet to their fleet of planes. The new $50 million dollar jet came from France, thereby not inconveniencing out of work airplane manufacturers in America. They would have had to cut back on executive bonuses to help cover the cost.
Oh apparently they are cutting bonuses back to a mere $26 million, that should help.
There was obviously no conditions attached to the bailout money for the Bank executives to decide this was a good use of taxpayers money.
Do the people at the top not realize there is a recession happening and their bank is in trouble?
How many houses could have been spared from foreclosure if they had lent those millions out, instead of buying toys and overpaying incompetent executives?
Posts
No comments:
Post a Comment