Posted by lleaders in
Deal Zone on 01 29th, 2009 |
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Plane talk
Citi scrapped plans to buy a $50 million corporate jet after it raised eyebrows all the way to the White House. Politicians called the order, which was made in 2005, wasteful.
True, Citi has been propped up by taxpayers, swallowing up $45 billion of capital since October. Its market value is now only...