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Results tagged “corporate jets” from Nealz Nuze

SPEAKING OF PITCH FORKS

By
Neal Boortz
@ March 24, 2009 8:47 AM
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The latest corporation up to the chopping block: JP Morgan Chase. The company has received $25 billion in TARP funds. But it plans to buy two luxury corporate jets worth $138 million and also build "the premier corporate aircraft hangar on the eastern seaboard" to house them. The new hangar will apparently be built with reclaimed wood, quarry tile and even include a "vegetated roof garden." The Gulfstream 650's are supposed to be the "fastest," "widest" and "most comfortable" private jet ever. Can't you feel the wealth-envy building?

A spokesman for JBMorgan Chase says that no TARP money would be used to make any payment for the new jets or hanger improvements.

But that doesn't fit well into the wealth envy argument, does it? All that matters it that these evil corporations want the luxury of having private jets!


CORPORATE JETS

By
Neal Boortz
@ January 13, 2009 8:19 AM
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We know how much Barney Frank loves corporations and the evil rich. And if Barney Frank had it his way .. any company that owns, leases or holds an ownership stake in private planes would not receive any bailout money. Yep, Barney has introduced legislation with restrictions on how the rest of the TARP funds may be spent. And one of his restrictions is that no company will receive federal bailout money until they can show the Treasury secretary that they are in the process of getting rid of their corporate jets. Slobbering jerk. Playing to wealth envy, pure and simple.


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