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

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

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.'

SOURCE: OPED NEWS