Justin case your wondering what Banks do with taxpayers money after they have been bailed out from their outrageous gambling practices. Wonder no more. They buy planes give themselves huge bonusses and do up their offices for millions at the time. Just for your information; John Key was one of only four upon invitation only advisors to the Federal Reserve of New York from November 1999 until March 2001. he represented Merrill Lynch. The other banks Citigroup, Lehman bros and UBS Wahrburg. yep all of those banks are belly up.
Beleaguered Citigroup is upgrading its mile-high club with a brand-new $50 million corporate jet – only this time, it’s the taxpayers who are getting screwed.
Even though the bank’s stock is as cheap as a gallon of gas and it’s burning through a $45 billion taxpayer-funded rescue, the airhead execs pushed through the purchase of a new Dassault Falcon 7X, according to a source familiar with the deal.
The French-made luxury jet seats up to 12 in a plush interior with leather seats, sofas and a customisable entertainment center, according to Dassault’s sales literature. It can cruise 5,950 miles before refueling and has a top speed of 559 mph.
There are just nine of these top-of-the-line models in the United States, with Dassault’s European factory churning out three to four 7Xs a month.