The headline on Huffington Post yesterday was "Bankers Behaving Badly," referring to Citigroup's ill-timed purchase of a $50 million Dassault 12 seater private jet. (Yes, I know the jet was ordered some two years ago, but I can't imagine a purchase contract of this nature without a cancellation/penalty clause). Citi is but a sad example of an entire industry that has gone off the rails and taken the nation and the world economy with it.
Raymond J. Learsy: "bankers Behaving Badly": A Needed Remedy For A Financial Industry Gone Off The Rails
Yahoo! Buzz: Top Stories, Yahoo Buzz
Tue, 01/27/2009 - 9:45am
Topics: bankers behaving badly, state of the estate your tarp money is being used t prop up the price of oil bailout ballet: new york times on hank paulson/pimco bill gross pas de deux huffington post citigroup dassault yes alvarez marsal llc boeings g550 bombadier crj netjet helicopter for lehman hard club members aberration fannie mae freddie mac hank paulson/pimco's bill gross pas de deux talk john thain america mr thain billions read private planes thain business news citi it lehman lehman brothers boeing wall street club member merrill lynch bets count economy bonuses loss losses
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