Taxpayers are Foobs

Citiboobs, formerly known as Citigroup, loses $28.5 billion in the past 15 months.

Citiboobs receives $345 billion in government investments and guarantees.

Citiboobs buys a new $50 million corporate jet, the exclusive Dassault Falcon 7X.

Who's the foob now?

Read all about it at The New York Times, Wall Street’s Socialist Jet-Setters.

Of course, $50 million for a plane is nothing compared to the $18.4 billion in bonuses paid to employees at financial companies in New York.

Taxpayer are chumps yet again.


UPDATE: Now the banker girlfriends want pity. It seems that the collapse of the Ponzi scheme that was Wall Street is a "big blow to their egos and to their self-esteem" (the egos and self-esteem of the banker boyfriends that is). All the result of 'hormonally caused irrational exuberance' no doubt.

One financial manager running a Ponzi scheme even got so stressed out that he jumped out of a plane instead of a building like any honorable Depression-era banker would.

No more flashy lifestyle or home in an affluent suburb, no fancy clothes, expensive car or extravagant parties, complete with brilliant fireworks. Think what it does to the banker and his girl, the 'performance' issues.

Maybe Congress should add a little money in the stimulus bill for some personal stimulus, if ya know what I mean.

It would be cheaper though to just fess up that it was all a fraud, and learn to live like the rest of us.

Maybe a little jail time for the bankers too.

What do you think?