Showing posts with label citi field. Show all posts
Showing posts with label citi field. Show all posts

Tuesday, November 25, 2008

Citigroup thanks you for paying for their marketing efforts



Struggling Citibank just sealed a multi-billion-dollar emergency "backstop" deal with the U.S. government. The financial behemoth, suffering with billions in bad mortgage-related assets on its books, recently shed 53,000 workers and saw its stock price lose over half its value. Yet it's in a 20-year contract to pay the New York Mets $400 million to name the team's new stadium "Citi Field."