Archive - 2009 - Story

After Vikram's Falcongate incident, and of course the CEOs of the Detroit aka Default-3 companies making quite a PR splash in D.C. begging for bailout money after a cushy two hour flight in ultraluxury, the entire private jet industry will likely be under massive scrutiny with the resulting fallout likely to result in many new companies inducted into our Death Watch list.

Citigroup spokesman Stephen Cohen has confirmed in an interview today that Citigroup "has no intent to take delivery of any new aircraft," and promptly declined to comment beyond the statement.

Citigroup spokesman Stephen Cohen has confirmed in an interview today that Citigroup "has no intent to take delivery of any new aircraft," and promptly declined to comment beyond the statement.

Citigroup spokesman Stephen Cohen has confirmed in an interview today that Citigroup "has no intent to take delivery of any new aircraft," and promptly declined to comment beyond the statement.

• Bill Dudley to become new NY Fed President (Bloomberg)
• Delta losses widen (Press Release)
• Good article on why everyone who claims CDS are the reason for the current debacle, is a little slow (

• Iceland government crumbles sending country into total chaos (Stratfor)
• Endowments 101: How university endowments are about to have their worst year ever (Bloomberg)
• Russian Finance Minister pushes for world financial watchdog (Moscow Times)
• Merrill's 16,800 brokers on verge of mass exodus (

First AIG with their million dollar, manicure and pedicure all-inclusive trips to the Pacific coast a few days after a $100 billion dollar rescue by taxpayers, and now David Paterson, governor of a virtually bankrupt NY State.

First AIG with their million dollar, manicure and pedicure all-inclusive trips to the Pacific coast a few days after a $100 billion dollar rescue by taxpayers, and now David Paterson, governor of a virtually bankrupt NY State.

First AIG with their million dollar, manicure and pedicure all-inclusive trips to the Pacific coast a few days after a $100 billion dollar rescue by taxpayers, and now David Paterson, governor of a virtually bankrupt NY State.

Senator Carl Levin was prompt in his condemnation of the CEO's insane spending habits: "The notion of Citigroup spending $50 million on a new corporate jet, even as it is depending on billions of taxpayer dollars to survive, does not fly.

Senator Carl Levin was prompt in his condemnation of the CEO's insane spending habits: "The notion of Citigroup spending $50 million on a new corporate jet, even as it is depending on billions of taxpayer dollars to survive, does not fly.

Senator Carl Levin was prompt in his condemnation of the CEO's insane spending habits: "The notion of Citigroup spending $50 million on a new corporate jet, even as it is depending on billions of taxpayer dollars to survive, does not fly.

Nobody could have possibly foreseen this.

Nobody could have possibly foreseen this.

Nobody could have possibly foreseen this.