Comments on: After Bailout, Lavish Spending Lives On

Luxury Jets, Oceanfront Homes Reveal A Very Different Attitude By Citigroup, Ex-Lehman Brothers Head

[louthesz9]

Citigroup has received so much bailout money to date that the American taxpayer is now its major stockholder. So when it was reported Monday that the company is having a new, $50 million luxury corporate jet delivered, some people just couldn''t believe it:

"I was outraged," said one citizen-stockholder. "$50 million, they have leather seats in this airplane, and I don''t think they care. I think they''re spoiled babies."

"Why can''t they fly commercial?" asked another.

Citigroup''s purchase follows a report that former Lehman Brothers CEO Richard Fuld deeded his $14 million oceanfront home in Florida to his wife for just $100 - the minimum amount needed for a property transfer.
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Yes, and guess who''s to blame for giving out the bailout money in the first place: Bush. That''s right. That smirky idiot either didn''t know what he was doing or he knew but just didn''t care.

[hillaryin016]

After Bailout, Lavish Spending Lives On
Luxury Jets, Oceanfront Homes Reveal A Very Different Attitude By Citigroup, Ex-Lehman Brothers Head

and 4.2 billion for ACORN............

[downtowner97]

The elite of this country are raking in millions of dollars from corporate welfare while their businesses fail. The working class are losing their jobs and collecting unemployment. The middle class is working harder than ever to pay taxes and keep our homes and cars, and to provide jobs for others.

I don''t qualify for unemployment or bailout money. I have to watch my spending, work weekends, and make careful decisions to keep my business viable.

I don''t want help, I just want the government to stop giving money away.

[ctla567]

If Obama''s administration and democratic congress fail to successfully and transparently manage the second portion of TARP money, they all will be replaced by third party policy makers. Both republican and democratic parties would become minor parties.

[jefglazer]

hi guys
a new era has emerged.
this brave journalism
Unbeleivable!
please watch and share it with others.
http://www.cbsnews.com/video/wa
tch/?id=4752349n

[mcv57]

Dear B. Obama:

Quite deceiving the American people. The Government payouts/ bailouts has already proved to be futile, why give more vain attempts to a corrupt system.

The government and media attempts to blame Americans for the economic collapse; but it is not people, IT iS THE OFFICIALS WHO GOVERN THE PEOPLE.

This free money has already proven vain - the banks want more, more, and more. This is maddness, madness and more madness. CORRUPTION HAS NOT BEEN ROOTED OUT - THE SAME BANK, CORPORATE, AND GOVERNMENT OFFICIALS HEAD THESE INSTITUTION ARE STEALING MORE FREE MONEY (OR SHOULD I SAY THE AMERICAN TAXPAYER MONEY).

YOU NEED TO DECLARE MARSHAL LAW ON CORRUPTION ON LEGISTRATIVE, JUDICIAL (including LAW ENFORCEMENT), AND EXECUTIVE POWERS!!!!

Your little attempt to blame Bush is punee and impotent.

[cattlekate]

It''s nice CBS is reporting this. But what can we do? We are not the top 1 percent which got richer and was able to pull these scams under Bush&Co. We are just schmucks.

[tucson23]

''Second, Yongamerica, and the rest of you Bush bashesr, Pelosi and Reid, your Democratic hero leaders in Congress and the Senate for those of you who have no clue, Forced this TARP bill to pass with stupid concessions to sway votes like tax breaks to the Puerto Rican Rum Industry and the Motor CAr Race Tracks.'' -Posted by RenegadeMav at 07:33 PM

um, Mav, if you''ll recall, this plan was entirely crafted by the Bush Administration, and they lobbied hard for it, particularly the provisions that stated congress would not have any oversight over how the money was spent. The Democrats went along with it (with some concessions that you mention) because doing something was better than doing nothing. But don''t try to act like Bush didn''t wholeheartedly support TARP, and didn''t insist on the lack of oversight, because he did. It''s a fact.

[rafterman1]

===What''''s the charge?===
Posted by Abrame

Fraud. If a charity took money and spent it on a plane, they were be charged with fraud. Why is it not the same with rich busniesses?

[chrissys16]

I have an extremely difficult time getting my mind around the fact that Congress doled out a $700 Billion bailout, no questions asked, just assuming the banks were going to do something intelligent and responsible with the money. If the best predictor of future behavior is past behavior, and spoiled, irresponsible, pompous idiots like Fuld have ALREADY proven that they''re fiscally irresponsible and short-sighted, how could Congress NOT SEE THIS COMING?? OF COURSE THEY''RE GOING TO **** IT AWAY ON SOMETHING STUPID. They did it before to get into this mess and they did it again when Pelosi threw more tax-payer money at them and they''ll do it again when they run out of money and want MORE toys...or when we''ve all been bled dry and they can''t find any newer, faster jets and then, maybe they''ll actually take part of the money and use it the way the goverment THOUGHT it was going to be used. The words "assume" and "$700 Billion" don''t even belong in the same SENTENCE. I''m NOT one for big government involvment but sometimes people (or banks, in this case) need to be baby-sat and micro-managed).

[antoniof123]

It is funny but these same neocons were the ones saying that global warming was not true now look at the excuse they use.

Neocons your final days are coming you have made such a mess of things. I hope you enjoy your death throbs.

These jets are not made in France ......Dassault Falcon Jets are made in Little Rock, Arkansas. If the order is canceled ........will it not affect our local economy? ........How long ago was this order placed?

[bozworth4]

Some people will always fall through the cracks. Some students drop out of school no matter how hard we try to educate them. Some people become homeless no matter how much opportunity we provide them. Your comparison does not reflect most Americans. Most Americans live fairly well. Look at their homes, automobiles, and large screen TVS. Again, some people will always fall through the cracks.

Posted by rhs648


Maybe some of these bank crooks should fall into and thru these cracks you write about. Or kiss the crack of you know where. Didn''t recall reading in the 93 year old man article that he asked for anything more than the policy was. America, land of the free. I just can''t fathom freezing to death in your own home for lack of the almighty dollar. What a country. Yet we continue to let the politicians line the pockets of the uncaring. We even have a drive going to count the homeless. All they have to do is call a phone number to be counted. Let me see, no home, but I have a phone? I guess it''s good that in my state even an unactivated cell phone can call 911...

[rhs648]

Juxtapose this article with the one about the 93-year-old man who froze to death because he couldn''''t afford to pay his electric bill. And we think we''''re in a position to preach morality to any other culture?


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Posted by tngreen

Some people will always fall through the cracks. Some students drop out of school no matter how hard we try to educate them. Some people become homeless no matter how much opportunity we provide them. Your comparison does not reflect most Americans. Most Americans live fairly well. Look at their homes, automobiles, and large screen TVS. Again, some people will always fall through the cracks.

[rhs648]

If congress asks us to conserve on how we handle our money ,,,why don''''t they work for free, it should be an honor to represent the people...instead they harlot out their representation to the lobby dollar pimps and commit treason against the people.


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Posted by tincup356

Good Point! Congressmen really aren''t paid that well. However, they seem to accumulate a lot of money, especially after leaving office. These people must have incentives beyond the pay of a Congressman to want to serve as Congressmen. If they gave up their pay, it would be interesting to watch how their wealth grows.

[cbsblogger]

These corrupt CEOs should be sent to prison and forced to pay every penny they''''''''ve robbed plus penalty & interest!!

Posted by achangenow

What''''s the charge?

Posted by Abrame at 09:20 PM : Jan 27, 2009

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High crimes and treason for starters.

Most have worked their butts off to outsource every US job while conniving to steal every dollar from shareholders.

[tngreen]

Juxtapose this article with the one about the 93-year-old man who froze to death because he couldn''t afford to pay his electric bill. And we think we''re in a position to preach morality to any other culture?

[abrame]

These corrupt CEOs should be sent to prison and forced to pay every penny they''''ve robbed plus penalty & interest!!

Posted by achangenow

What''s the charge?

[achangenow]

Welfare for the wealthy! Gee, and we were fooled into thinking illegal immigrants and terrorists harm us. These greedy S*BS in suits do far more damage to this country that the two groups aforementioned!! These corrupt CEOs should be sent to prison and forced to pay every penny they''ve robbed plus penalty & interest!!

[cbsblogger]

I would suggest that we put every public corporate CEO in a hood and restraints and pajamas and then send them to Guantanamo for a water boarding debriefing.

Their greedy cabal has done far more than the terrorists to destroy our nation.