Tuesday, November 25, 2008

Citigroup gets bailout after spending millions to name stadium

Citigroup is paying the New York Mets $400,000,000 just to have its name on the ball club's new stadium. This deal is still in place even as the banking giant has announced that it's firing 52,000 employees and as the company's stock values have declined by half.

Shittypoop can spend almost a half-billion on stadium naming rights yet has to fire over 50,000 workers???

It gets worse.

Now Citigroup has just gotten a taxpayer-funded government bailout worth over a quarter-trillion dollars. This $300,000,000,000 isn't spread across the industry. It goes entirely to Shittypoop.

So the American taxpayers are effectively paying for Citigroup to faceplant its name all over the Mets' ballpark. Lovely. Citigroup can't manage itself well enough to comprehend why keeping 50,000 workers on the job is better than putting its name on a stadium - and now it's getting rewarded for it.

Hey, if I do something incredibly stupid, can I get $300,000,000,000 in taxpayer money for it?

(Source: http://mlb.fanhouse.com/2008/11/24/citigroup-prefers-naming-rights-of-mets-stadium-to-real-people)

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