Monday, November 24, 2008

Citi Bailout: Free Mets Tickets?

Do we get free Met tickets as part of this massive Citi bailout? What an ominous start for Citi Field. The Mets are doomed for a third straight season.
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.
A couple of weeks ago Citi was trying to buy Wachovia?

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