Treasury tells bailed-out bank to ditch $50M plane
(NEWSER) - Hours after the New York Post trumpeted Citigroup's plan to go through with the purchase of $50 million, French-made private jet yesterday, Citigroup got a call from Treasury telling the bank to think again. The Obama administration has made a lot of noise about enforcing accountability on bailout funds, Politico notes, and taxpayers, with a $45 billion investment, are Citi's biggest shareholders. “That money should be used to lend to consumers to get the economy moving again,” said Obama’s press secretary. More»
