Monday, March 23, 2009

JP Morgan Uses Bail Out Funds To Buy Luxury Private Jets

I guess the fat cats at JP Morgan never had to go through their pockets to find enough change to buy gas just to get to work. I would bet they never had to negotiate with a creditor a payout agreement for an overdue bill. I would also bet they haven't traveled by a means of public transportation since college, if then.

These guys are so out of touch they have no idea how "real people" live, and that's why they are buying new luxury private jets. Yup, the same guys who took the $25 billion in TARP funds are tossing a cool $138 million for a couple of new Jetstream runabouts. Top that off with their plans to build a new hanger in Westchester for another $18 mill and you have a whole lot of crazy going on.

Needless to say, outrage has followed this decision, and rightly so. Next time these guys need to go somewhere, wouldn't a first class ticket on a commercial flight be good enough? Heck they would even afford a few extra cigars and hundred dollar bills to light them with.

If the business tycoons who got us into this mess don't wise up and start behaving like the failed businessmen they are, I wouldn't be surprised if the current populist trend doesn't turn into full blown socialism. It won't take much more for folks to storm their offices with torches and pitchforks. Wise up guys!

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