Struggling Citibank ... 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.' ABC News.
But this Yankees and Mets nonsense proceeds apace. As some wags suggested recently on the WNYC radio, why not rename the thing "Taxpayer Field"? Why not call the new Yankee park "Tax-Exempt Stadium"?
Our personal favorite moniker for Citi Field is "Team That Chokes In Post Season But Spends Money On Meaningless Structures As A Folly Of Their Top Executives Who Don't Know Squat or Care About Baseball But Do Know How To Overcharge For Seats and Food Park." To clarify, we love da Mets, the game, many of the players. It's the corporate capriciousness we've lost patience with.