If you ever wondered why our banks are failing, the answer, my friends, is greed. Greed that President Obama is trying to put an end to—starting with Citigroup’s plans for a $50 million jet. Apparently, they felt that their $45 billion dollars of bailout money entitled them to a luxurious corporate jet that features “plush interior with leather seats, sofas and a customizable entertainment center.” The French-made Dassault Falcon 7X also has an impressive range of 5,950 nautical miles—meaning that it can fly as far East as Saudi Arabia and as far West as Russia.

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Obama Tells Citigroup To Abandon Plans For a $50 Million Tricked Out Corporate Jet [Greed]