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Bailed-out JPMorgan orders two new luxury jets and a deluxe aircraft hangar.

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In last month's House hearing, seven out of eight bailed-out bank CEOs said their companies still 'own or lease' private planes. ABC News provides more details today, reporting that JPMorgan Chase - which received $25 billion in TARP funds - 'is going ahead with a $138 million plan to buy two new luxury corporate jets,' complete with 'the premiere corporate aircraft hangar on the eastern seaboard.'

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And? by Linda Bailey on Monday, Mar 23, 2009 at 3:36:43 PM