After taking $45 billion in taxpayer funding to remain afloat, CitiBank spent $50 million on a new private jet. This action was: Unethical according to U. S.Treasury spending policies for companies. Unethical according to U. S.Treasury spending policies for companies. Illegal according to the International Monetary Fund policies and rules. Illegal according to the International Monetary Fund policies and rules. Unethical since taxpayer money was given solely with the intent to keep CitiBank solvent. Unethical since taxpayer money was given solely with the intent to keep CitiBank solvent. Illegal according to Federal Reserve business spending regulations. Illegal according to Federal Reserve business spending regulations.