Wednesday, January 28, 2009

A Couple Of Pieces Of Gum ?


So...
Citigroup thinks it appropriate to spend about $50,000.000.00 on a Dassault Falcon 7X - after receiving almost 45 BILLION dollars from the recent stimulus package?

But they're bankers.
Maybe it was on sale.
Maybe it was a bargain.
If I let you borrow $100.
I wouldn't be mad if you spent 10 cents (1/1000 of the total loan) on less than a handful of gum.
Maybe your breath was kickin'.
But spending just over that 1/1000 of 45 BILLION dollars is a whole lot different.
It's still 50 million dollars!
That would buy at least 100 of the houses on which you plan to foreclose.
WTF?

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