Citigroup gets massive government bailout

Citigroup gets massive government bailout

www.reuters.com

NEW YORK (Reuters) - The U.S. rescued Citigroup Inc, agreeing to shoulder most losses on about $306 billion of the bank's risky assets, and inject new capital, bolstering investor hopes that the government will support big banks as the economy sinks into recession

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How is this possible when they still sponsor the Rose Bowl? Also, how is it possible that they can still have their name on Citi Field, the home on the Mets? They also have a field called Citibank Ballpark in Texas.

Tax money well spent. For sports! I love sports, don't get me wrong, this is just f'd up!

I feel a tax revolt coming! They can't put us all in jail. We don't even have room for the real criminals like Bush!

www.reuters.com
(visit the link for the full news article)

They are cutting 52,000 jobs but still throwing a 9 figure $ amount to name the stadium!

Unbelievable!