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.
Not only have they taken $45 billion in bailout funds, but their stock is very likely a part of your 401(k) or mutual fund while the value of a share of Citi has gone from around $30 a year ago to $4 today. So we're getting screwed twice by these guys and yet they're buying corporate jets.
Commence shoe tossing. Go!