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><channel><title>Great Info Tips &#187; jets</title> <atom:link href="http://greatinfotips.com/tag/jets/feed/" rel="self" type="application/rss+xml" /><link>http://greatinfotips.com</link> <description>General Info and My Opinion</description> <lastBuildDate>Mon, 21 May 2012 19:45:54 +0000</lastBuildDate> <language>en</language> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <generator>http://wordpress.org/?v=3.3.2</generator> <item><title>Citi Bank not buying new jet</title><link>http://greatinfotips.com/citi-bank-not-buying-new-jet/</link> <comments>http://greatinfotips.com/citi-bank-not-buying-new-jet/#comments</comments> <pubDate>Wed, 28 Jan 2009 00:32:32 +0000</pubDate> <dc:creator>Rosie</dc:creator> <category><![CDATA[My Opinion]]></category> <category><![CDATA[bailout funds]]></category> <category><![CDATA[economy]]></category> <category><![CDATA[jets]]></category> <category><![CDATA[Obama]]></category><guid
isPermaLink="false">http://greatinfotips.com/?p=333</guid> <description><![CDATA[It was revealed on the morning news that Citi Bank decided to cancel their order for a new $50 million jet they had put a down payment on back in 2005 when the economy wasn&#8217;t this bad. Reports were that pressure from the White House and President Obama was the main reason to cancel the [...]]]></description> <content:encoded><![CDATA[<p>It was revealed on the morning news that Citi Bank decided to cancel their order for a new $50 million jet they had put a down payment on back in 2005 when the economy wasn&#8217;t this bad. Reports were that pressure from the White House and President Obama was the main reason to cancel the jet. Citi just received $45 billion in government bailout funds. According to the newscaster Obama said the purchase of a jet at this time would be &#8220;outrageous&#8221; and not the best use of money. Politicians proceeded to voice concerns about how banks are spending the government bailout funds. Citi also announced they would cut back from 5 to 2 of their private corporate jets to try to streamline their operations.</p><p>What was Citi Bank thinking? When the economy got worse and they had to ask for bailout funds, they should have realized their customers and non customers would be furious over news of a purchase of such an expensive private jet. Greed has gotten too many of our financial companies into trouble. There was a story on the news just last week about a bank president who spent a lot of money redecorating his private office. The big executives need to cut way back and look out for the people they are serving. It just doesn&#8217;t look good to have the banks spending money unwisely in this bad economy.</p> ]]></content:encoded> <wfw:commentRss>http://greatinfotips.com/citi-bank-not-buying-new-jet/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel> </rss>
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