More bailout madness-this time it is private jets

Just picked this up and am hoping that it is not true.

If it is then I can imagine the steam will be coming out of Barack's ears.

Embattled bank JP Morgan Chase, the recipient of $25 billion in TARP funds, is going ahead with a $138 million plan to buy two new luxury corporate jets and build "the premiere corporate aircraft hangar on the eastern seaboard" to house them, ABC News has learned.