Citigroup to give up lavish jet

Finally, someone is talking some sense into Citigroup.

I blogged the other day about Citigroup's plans to go ahead with buying a $50 million corporate jet.

The banking giant has taken so much heat that now it appears to be backing off, according to this ABCNews.com story.

Apparently, the Obama Administration told Citigroup to "fix it."

That's change I can agree with.