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Anonymous
Guest
Besides new luxury jetliners- now they want to spend 400 million taxpayer dollars to name the Mets new stadium-- Citi Field :roll:
And other recipients are spending Millions of taxdollars for SuperBowl ads...
Thanks GW/Paulson for your careful doling out and oversight over the Bush Bailout taxdollars that were supposed to provide credit to jumpstart the country.... :roll: :wink:
And other recipients are spending Millions of taxdollars for SuperBowl ads...
Thanks GW/Paulson for your careful doling out and oversight over the Bush Bailout taxdollars that were supposed to provide credit to jumpstart the country.... :roll: :wink:
Two Congressmen are urging Treasury to force Citigroup to pull out of its $400 million naming rights deal for the Mets' new stadium.
By Paul R. La Monica, CNNMoney.com editor at large
Last Updated: January 30, 2009: 12:49 PM ET
NEW YORK (CNNMoney.com) -- The government forced Citigroup to cancel its order for a brand new $50 million corporate jet. Now, two Congressmen are hoping that the Obama administration will convince the beleaguered bank to scrap its naming rights deal with the New York Mets.
The Mets are moving into a new baseball park this year and Citigroup (C, Fortune 500) agreed in 2006 to pay $400 million over 20 years to have it named Citi Field.
But that deal, like the planned purchase of the jet, has come under scrutiny from Congress now that Citigroup has received $45 billion in taxpayer bailout money, as well as a government backstop for more than $300 billion in loan losses.
With that in mind, House members Dennis Kucinich, D-OH, and Ted Poe, R-TX, this week urged Treasury Secretary Tim Geithner to intervene.
"Citigroup is now dependent on the support of the federal government for its survival as an institution. As such, we do not believe Citigroup ought to spend $400 million to name a stadium at the same time that they accept over $350 billion in taxpayer support and guarantees," Kucinich and Poe wrote.