Sunday, December 21, 2008

Christmas Surprise!

Wall Street executives are still flying high in corporate jets on your money and my money.

"The personal use of these planes is virtually indefensible at this point," said Patrick McGurn, special counsel at shareholder advisory firm RiskMetrics Group. "Once you're on the federal dole, the pressure is going to become immense on these firms to cut these costs."

Ya think? Ah, but they're a crafty lot.

Wary of being perceived as opulent, most companies fly in unmarked jets. Aviation buffs can usually track planes over the Internet using aircraft tail numbers. But many companies, including AIG and Citigroup, have blocked the public's ability to do so for security reasons.

They're flying under the radar of all of us but the aviation buffs.

Golly, I remember that in the post-Katrina days in New Orleans, a woman who was on public assistance, was caught in possession of a TV that was too big. It's the same kind of thing.

From the AP.

H/T to TPM.

5 comments:

  1. "At least the burglar is having a merry Christmas!" -- Marge Simpson

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  2. Countlight, there letters to the editor and blog posts and comments flying back and forth about the woman with the too-big TV. Dammit, if you're on public assistance, you'd better look poor all the time - except for the Wall Street executives.

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  3. For all the class resentment that's been the bread and butter of right wing politics since the days of Joe McCarthy, the American Pavlovian genuflect response in the face of huge sums of money astounds me.
    If you're going to steal, make sure its in sums on a metaphysical scale, and it helps to be white.

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  4. Mamma always said, "If you're gonna get caught, then get CAUGHT!"

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