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The Corporate Jet

 
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Author The Corporate Jet
rffrydr
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PostPosted: Sat Jan 17, 2009 12:13 am    Post subject: The Corporate Jet Reply with quote

We all laughed at the autos instead of shorting Bombadier. Going the way of the Dodo? No...just priced to perfection. Another market failure:

http://www.economist.com/business/displaystory.cfm?story_id=12906373
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rffrydr
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PostPosted: Wed Oct 19, 2011 9:31 pm    Post subject: Reply with quote

It keeps going...and going....

http://thecaucus.blogs.nytimes.com/2011/10/19/perry-to-pay-jet-owners-higher-rate-after-questions-about-use/?hp
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rffrydr
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PostPosted: Wed Aug 17, 2011 6:02 pm    Post subject: Reply with quote

Every corporate jet is its own corporation....c'mon Wall St. is that the best you can do?!
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rffrydr
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PostPosted: Fri Jul 22, 2011 7:34 pm    Post subject: Reply with quote

It keeps going and going...and going..... Shocked
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rffrydr
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PostPosted: Mon Nov 15, 2010 12:11 pm    Post subject: Reply with quote

Laughing

http://www.cnbc.com/id/40193378
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rffrydr
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PostPosted: Wed Jun 03, 2009 8:32 am    Post subject: Reply with quote

The Prez doing his part:

http://www.cnbc.com/id/15840232?video=1140335760&play=1
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rffrydr
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PostPosted: Wed May 13, 2009 9:11 am    Post subject: Reply with quote

Chysler BKs its fleet:


http://www.detnews.com/article/20090513/AUTO01/905130406/1148/rss25
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PostPosted: Fri Mar 13, 2009 8:25 am    Post subject: Reply with quote

Aviation fights back:

http://www.cnbc.com/id/15840232?video=1060460455&play=1
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PostPosted: Mon Mar 02, 2009 5:02 pm    Post subject: Reply with quote

Ken Lewis defends this evil practice:

http://www.ft.com/cms/s/0/056d4c62-075c-11de-9294-000077b07658.html
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PostPosted: Fri Feb 06, 2009 12:09 am    Post subject: Reply with quote

They're putting G-Men on TARP (Barofsky, Warren) and, for the smaller institutions, the gears are turning backward.

Sen. Shelby to the Special Investigator: "They have to fear you."

Courtesy American Lawyer:

http://amlawdaily.typepad.com/amlawdaily/2009/02/tarp-lawyers-to-banks-you-should-think-twice-about-participating.html
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PostPosted: Wed Feb 04, 2009 1:42 pm    Post subject: Reply with quote

There goes BofA's jets...and swingers pad:

http://www.cnbc.com/id/29016138
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PostPosted: Mon Feb 02, 2009 10:42 am    Post subject: Reply with quote

Jets one thing, fun another:

http://abcnews.go.com/Blotter/comments?type=story&id=6782719

Will there be marketing in utility banks?
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PostPosted: Tue Jan 27, 2009 10:38 pm    Post subject: Reply with quote

Citi slips into old form with its purchase (cancel that) of 50m jet:

http://www.detnews.com/apps/pbcs.dll/article?AID=/20090127/AUTO01/901270444/1148/rss25
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PostPosted: Sat Jan 17, 2009 9:00 pm    Post subject: Reply with quote

Pork vs. Punishment

Quote:
Auto execs: Sore. Bankers? Soar!

Bank executives will get to fly their company jets after all.

House legislation placing restrictions on financial institutions that get money from the $700 billion Troubled Asset Relief Program had included a provision that would have prohibited the bailed-out bankers from owning or leasing private aircraft.

But Kansas is a center of aircraft manufacturing, and Kansas lawmakers complained that the provision could reduce aircraft orders and cost jobs. This week, House Financial Services Committee Chairman Barney Frank, D-Mass., author of the bill, lifted the jet ban.

Relinquishing the jets was part of a provision to limit executive compensation, the same type of limits included in government loan agreements with General Motors Corp. and Chrysler LLC last month.

Chrysler, GM and Ford Co. executives caused a stir in Washington when they flew their private jets into town last year to plead their case for a bailout from Congress.

"We have to be careful about Congress overreacting," said Rep. Dennis Moore, a Kansas Democrat who noted that the industry employs more than 44,000 workers in Kansas and suppliers employ many more.

So remember, folks: According to Congress, it's only a waste of taxpayer money if auto execs are the ones flying private.

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PostPosted: Sat Jan 17, 2009 3:29 am    Post subject: Reply with quote

Ha Ha. The funny thing about that article is that although the private sector is giving up its private jets due to the financial crisis, congress, the senate and administration refuse to give up theirs yet they lecture the private sector.

I think its a bit rich to mouth off at the autos when Pelosi is jetting around the country in a 757 because she wants a bed to sleep in.
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