Question

After taking $45 billion in taxpayer funding to remain afloat, citibank spent $50 million on a new private jet. this action was:________

Answer 1

After taking $45 billion in taxpayer funding to remain afloat, Citibank spent $50 million on a new private jet. this action was: unethical

What was the intention of taxpayer funding?

The taxpayer funding means that Citibank was granted a funding relief with taxes paid by the taxpayers to avert a collapse of the bank  and to ensure the wider economy  is not impacted negatively by the failure of a "too big to fail bank" such as the Citibank

The fact that funds meant to keep the bank liquid and to be able to continue smooth operations by having the required cash to meet obligations and they were diverted meant that directors at Citibank have acted unethically.

Find out more about government intervention on:brainly.com/question/13921660

#SPJ1