September
2010
Tuesday, February 03, 2009
Associated Press

Citigroup-Mets deal appears to be on

TARP recipient, Citigroup, confirmed that their $400 million naming rights deal for the New York Mets new stadium is still on.

Citigroup Inc. received $45 billion in federal bailout aid in 2008 and stated it planned to cut 53,000 jobs worldwide.

"Citi signed a legally binding agreement with the New York Mets in 2006," the company said in a statement, adding that none of the bailout money will be used for Citi Field. Yeah, right.

"At Citigroup, 50,000 people will lose their jobs. Yet in the boardroom of Citigroup, spending $400 million to put a name on stadium seems like a good idea," said Rep. Dennis Kucinich, an Ohio Democrat. Kucinich and Rep. Ted Poe, a Texas Republican, made their pitch in a letter to Department of the Treasury Secretary Timothy Geithner.

Posted by Editor on 02/03/09 at 07:15 AM •  (0) Comments

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"The magic formula that successful businesses have discovered is to treat customers like guests and employees like people."
Tom Petters

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Vile Comments

$60 - $90 billion per year worth of “simple mistakes”?

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