Now that the government has had to bail out Citigroup, some reactionary, populist idiots wants to change the name of the Mets new stadium.
And even worse, these schmucks are from Staten Island.
City Councilmen Vincent Ignizio and James Oddo (never trust a palindrome) want the stadium to be called Citi/Taxpayer Field instead of just CitiField.
Admittedly it looks bad that a spanking new stadium has the name of a troubled bank, and even worse, the troubled bank is paying $400 million over 20 year for those naming rights.
But this was a deal signed a long time before the current financial crisis.
And I think barring a Citigroup bankrutpcy (or court-ordered reorganization of some kind) or Citigroup's own magnanimity (neither of which is likely) it's going to stay CitiField for the next 20 years.
This is not like Enron or PSINet which ceased to exist, this is a big company going through a down time.
Story suggested by SCZA
Wednesday, November 26, 2008
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The bailout is helping them, but it more ways than you see it is already helping you! Most people don't realize how much money there is out there. During economic times like this, there is more money to be had than ever. Because of the bailouts and economy, lenders are bending over backwards to bail you out too. Believe it or not, there is people getting tons of cheap money nowdays to start businesses, buy homes, pay off debt, and more. Bailouts for Everyone
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