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Citigroup bows to pressure, cancels 7X order
Flight International ^ | Jan 27, 2009 | John Croft

Posted on 01/27/2009 7:57:33 PM PST by Yo-Yo

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To: dennisw

Thanks for your good wishes also.


81 posted on 01/28/2009 5:00:02 AM PST by bronxboy
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To: Non-Sequitur
No, there are outs in the contract. Citi loses it's deposit unless another buyer can be found.

Not the way I heard it.
These reservations can be traded and the one Citi ordered is a hot one. Even now with today's economy

82 posted on 01/28/2009 5:05:10 AM PST by dennisw (Meshuggah Muhammad put the following words in the mouth of his sock puppet deity...................)
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To: buccaneer81

They played a far bigger role in destroying our economy...I will give you that. As for a positive role in the economy...I don’t see it. They make nothing...they can manage wealth, but have shown no talent for creating wealth except of course personal CEO wealth.


83 posted on 01/28/2009 5:17:01 AM PST by bronxboy
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To: bronxboy

No my theory isn't wrong, chuckles. We people paying all the taxes are getting fed up with you saintly Righties mouthing off while using roads you don't pay your fair share of taxes to build and maintain etc.

Don't worry though. I'll wait for the day when one you try to take it out of my hand in person before providing an intimate and practical argument in support of my theory.


84 posted on 01/28/2009 8:17:57 AM PST by I see my hands (_8(|)
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To: I see my hands

I pay many taxes...so you won’t find me taking it out of your hand...however, your threats sound idiotic.


85 posted on 01/28/2009 8:39:17 AM PST by bronxboy
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To: bronxboy
You don't pay your fair share. I paid more than you. You were given money that was taken from me, thief. Figure it out, dummy.

There was no threat, liar. Your values and ability to reason are pathetic.


86 posted on 01/28/2009 8:59:54 AM PST by I see my hands (_8(|)
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To: I see my hands

You are out of line-no more insults...your ability to engage in civil discourse is obviously limited so why keep sending me the same drivel over and over?


87 posted on 01/28/2009 9:04:30 AM PST by bronxboy
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To: bronxboy
You are real high minded, civil too. Don't rock the boat, huh? At least not while the govt. is sending you money others earned.

88 posted on 01/28/2009 9:13:59 AM PST by I see my hands (_8(|)
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To: I see my hands

Thanks for leaving off the insults...no idea why you are so obsessed about the stimulus, I did not request it...was not insolvent and sure pay more taxes then the amount received. Make your point...I like the direct approach...so what has this to do with the banking bailout?


89 posted on 01/28/2009 9:43:55 AM PST by bronxboy
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To: bronxboy
"Thanks for leaving off the insults" "what has this to do with the banking bailout?"

It has to do with sanctimonious carping from those in the lower brackets. From the point of view of us paying the lion's share, and in fact, you are the beneficiaries of the graduated tax system.

I am bailing you out. It is personal you know. I understand it doesn't seem that way from an ungrateful recipients perspective. I don't care. I understand why you think insults are a worse than theft. I don't care.


90 posted on 01/28/2009 10:01:17 AM PST by I see my hands (_8(|)
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To: I see my hands

I see...you are one of those master of the universe types and I a lowly peon...since you have no idea what I make or don’t make a rather interesting situation. In order to er ‘carp’ one must be wealthy? Well sorry to burst your bubble...but number one, I didn’t invent the tax system and thus can do nothing to improve your tax situation. Number 2-this is America, we have no royalty so I suggest very politely that you get over yourself. Number 3, I can say anything I like on this forum as long as it is within the rules...free speech and all. My last point is this-fire your accountants. If you are truly rich, you should be paying little to no taxes as Warren Buffet noted, his secretary paid more in taxes than he did. There are loopholes and off shoring might be something to consider as well. It has worked quite successfully for some in you situation. So fire your accountants and get some decent advice. No one should give the IRS more than their fair share...not even a ‘rich’ guy like you.


91 posted on 01/28/2009 10:11:37 AM PST by bronxboy
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To: bronxboy
Leech.

92 posted on 01/28/2009 10:23:50 AM PST by I see my hands (_8(|)
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To: Canedawg

Take your keyboard and throw it out the window, your responses are painful.

Buying a plan with taxpayer dollars doesn’t stimulate the economy. And guess what the gov’t just TOLD YOU TO BUY A PRIVATE JET THAT YOU’LL NEVER GET TO USE!

Do you get that stupid?!


93 posted on 01/29/2009 9:39:06 AM PST by Tempest (Greed is putting money before PEOPLE.)
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To: bronxboy

Because either they are utter and complete tools or they have a self-interest.


94 posted on 01/29/2009 9:40:23 AM PST by Tempest (Greed is putting money before PEOPLE.)
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To: Tempest

‘Because either they are utter and complete tools or they have a self-interest.’

There is mindset that defends everything the wall street crowd did while condemning the average American...one poster here seems to demonstrate this clearly...I’m better then you...don’t fault the banks, they are the elite like...so both tools and have self interest.


95 posted on 01/29/2009 10:10:07 AM PST by bronxboy
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To: Gondring

[Compensation of corporate officers has largely been decoupled from performance. If investors want to agree to the reciprocal Board arrangements, etc., then that’s their prerogative—if they accept the losses with the gains.]

Hopefully the public exposure of these practices will cause reform and spur increased stockholder vigilance and demands for accountability. Otherwise the ship will simply sink.


96 posted on 01/29/2009 10:20:19 AM PST by Brad from Tennessee ("A politician can't give you anything he hasn't first stolen from you.")
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To: Brad from Tennessee

I agree, put it back into the hands of the stockholders. Also, there has to be some reform in valuing companies...independent auditors perhaps. No one has a clue what any company is worth these days. Wall Street better act because I promise you...caps on salaries will be the result if they continue. No one wants that.


97 posted on 01/29/2009 10:34:49 AM PST by bronxboy
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To: Brad from Tennessee

I doubt there will be increased shareholder vigilance, especially as so many voting shares are tied up in mutual funds.

But still, if they fail, they fail. Why should I be expected to pay for shareholder errors?


98 posted on 01/29/2009 12:16:00 PM PST by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: dennisw; bronxboy; Tempest; Canedawg
Not the way I heard it.
These reservations can be traded and the one Citi ordered is a hot one. Even now with today's economy

We can hope.

Too bad the evidence is against it...

From "Corporations, Tending to a Tattered Image, Clip Wings of Private Jets":

With so many companies deciding to sell their planes — both for cost-cutting reasons and to avoid public relations headaches — the used-jet market is being flooded with inventory, and the prices of private jets are falling faster than the value of McMansions. [...]

“A year ago, there would be 30 people looking for one airplane,” said Jay Mesinger, a corporate jet broker, who said that prices had fallen 30 to 40 percent since late 2007. “Today there are 30 airplanes looking for one buyer.

With the economy continuing to sour, more airplanes will most likely be chasing even fewer buyers.
Prices are down to about 2/3 what they were a year ago. It seems that with this push for cancellation, the US Taxpayer will be making a nice donation of millions of dollars to a foreign firm, at the same time it is cutting back on the work for its Arkansas-based employees. These things should please bronxboy and Tempest, who will be pleased to know that Cessna and Beechcraft have laid off thousands, and I know corporations have been cutting flight crews.

Since it's SO wonderful for the government to tell corporations how to spend their money, why don't we do it for ALL corporations? And if these corporations are so bad that they are about to go bankrupt, why don't we just invest our tax dollars in them MORE?

Do I need a closing </sarc>

99 posted on 01/29/2009 12:43:25 PM PST by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: Gondring

What I heard was the Falcon 7x was hard to procure...make only 12 or so a year...that your buy can be easily sold...

Local yokel talk show Schnitt said that


100 posted on 01/29/2009 12:58:26 PM PST by dennisw (Meshuggah Muhammad put the following words in the mouth of his sock puppet deity...................)
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