Start A Petition

"FIX IT" : Obama Officials Tells Citibank To Ditch Plans For $50 Million Private Jet

Business  (tags: Airplanes, Citi, Citi Jet, Citigroup, Citigroup And Obama, Citigroup Jet, Corporate Jets, Dassault Falcon 7X, Obama And Corporate Greed, Obama Slams Citigroup, Obama's First 100 Days, Business News )

- 3555 days ago -
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...


We hate spam. We do not sell or share the email addresses you provide.


Blue Bunting (855)
Tuesday January 27, 2009, 8:12 am

According to a report from ABC News, President Obama is not taking kindly to corporate greed, especially when it's funded by taxpayer money. Read more from ABC here:

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...

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

On Monday, the news broke that bailed out bank was going through with its $50 million private jet purchase even though it had recieved $45 billion in government funds:

The New York Post's Jennifer Keil and Chuck Bennett reported in Monday's paper that Citigroup, which has received $45 billion in government bailout funds, is about to upgrade to a new $50 million, twelve-seat corporate jet.

The plane, the Dassault Falcon 7X, is a luxurious jet with a range of 5,950 nautical miles (meaning it can fly from New York to all of Europe and South America, as far east as Riyadh, and as far west as Honolulu or Petropavlovsk, Russia). The Post reports it has "plush interior with leather seats, sofas and a customizable entertainment center."


Blue Bunting (855)
Tuesday January 27, 2009, 8:17 am
"Fix it."

Talk about an economy of words. So pithy and down to earth.


Elena P (549)
Tuesday January 27, 2009, 8:26 am
Thank you Blue. *thumbsup* to him!

Kathy G (407)
Tuesday January 27, 2009, 8:41 am
I ADORE this man-he has already made several monumental steps in the right direction on various issues. Gladly noted.

Past Member (0)
Tuesday January 27, 2009, 9:14 am
Obama is exceeding my expectations......He's getting hopeful!!

Plant trees for life on earth.

Robyn E (96)
Tuesday January 27, 2009, 4:04 pm
There are no excuses for corporate greed! Please help me let Bank of America know how we feel about the misuse of taxpayer money. Sign the petition at

LiAnna D (60)
Tuesday January 27, 2009, 4:06 pm
So great to hear! Thanks for sharing, Blue! And thanks for the link on taking action, Robyn!

Jerry Stone (18)
Tuesday January 27, 2009, 4:08 pm
This is awesome! The war on greed has just begun.

Blue Bunting (855)
Tuesday January 27, 2009, 5:22 pm
Robyn, it's time for everyone to move their savings/checking accounts out of the BIG BANKS and into the neighborhood banks which really care about "middle class" people ... these BIG BANKS with their private jets and their corporate offices with $68,000.00 chairs and $87,000.00 area rugs, don't give a flying fig about our small businesses and our families.

We can "stick it to them" really good by not frequenting their establishments at all.

Roseann d (178)
Wednesday January 28, 2009, 12:36 am
The only Check they should be getting from the Obama Admin is a Reality Check.

LucyKaleido ScopeEyes (82)
Wednesday January 28, 2009, 7:58 am

Ay, ay, ay -- it's the only reasonable decision for US taxpayers cum bailout contributors, but with the French economy in the shape it's in, the cancellation of the order won't be good news at all. Hope no workers will be laid off for lack of contracts!

We have a massive general strike scheduled for tomorrow here in France!

Otherwise, love your comment, Roseann!

Wednesday January 28, 2009, 10:03 am

Blue Bunting (855)
Saturday January 31, 2009, 3:24 pm

Wall Streeters Push Back: We Deserve Our Bonuses

Past Member (0)
Saturday January 31, 2009, 4:34 pm
The small minded deep pocket
idiots on Wall St. are in a word.....Vultures!!!!

Plant trees for life on earth.

Blue Bunting (855)
Sunday February 1, 2009, 10:07 am

Banker of the Day : Wall Street: "Hands Off Our Entitlements!":

It's time for BANKER OF THE DAY ... until they "get it" ... Getting between a broker and his bonus is like getting between a schnauzer and his
lunch bowl. He may not bite you, but you are going to smell his breath.

Blue Bunting (855)
Sunday February 1, 2009, 11:07 am

Bailout Banks Gave The Finger To The AMerican Taxpayers

Banks collecting billions of dollars in federal bailout money sought
government permission to bring thousands of foreign workers to the U.S. for high-paying jobs, according to an Associated Press review of visa applications.


Yes, the corporate class has no discernible loyalties to our nation, other than knowing where to go for a handout. YOU PAID FOR THEIR VI$A$ to take your job$.
Or, log in with your
Facebook account:
Please add your comment: (plain text only please. Allowable HTML: <a>)

Track Comments: Notify me with a personal message when other people comment on this story

Loading Noted By...Please Wait


butterfly credits on the news network

  • credits for vetting a newly submitted story
  • credits for vetting any other story
  • credits for leaving a comment
learn more

Most Active Today in Business

Content and comments expressed here are the opinions of Care2 users and not necessarily that of or its affiliates.

New to Care2? Start Here.