No Corporate Jet For Vikram

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. To permit Citigroup to purchase a plush plane - foreign-built no less - (ed. brilliant, although Boeing isn't really known for their 12 seaters these days) while domestic auto companies are being required to sell off their jets is a ridiculous double standard."

Levin has said he will petition the U.S. Treasury Department to halt Citi's plan to buy the jet. “I have urged Tim Geithner, who will presumably be Treasury Secretary by the end of the day, to do what he can to stop this absurdity from occurring, and I am assured he will look into the matter promptly.”

We really would be short all private, "plush" jet makers here.... foreign and domestic...