Your tax dollars at work, naming rights to the new Mets ballpark
Citigroup is keeping their $400 million naming rights deal for the new Mets ballpark, Citi Field.
You might have missed the news because it came on Friday, but Citigroup announced it was not planning to back out of the naming rights deal for the Mets’ new stadium, Citi Field. That’s the 20-year, $400-million naming rights deal. [newsday.com]
This is after announcing they are cutting an additional 52,000 jobs. Oh, and they are receiving around $326 BILLION, yes, that’s a B folks, in the government bailout. While only $20 billion is cash, the remainder amounts to the forgiveness of close to $306 billion in “toxic mortgages and related securities” (i.e., gambling debts). Unconscionable…