The Wall Street Journal is reporting that beleaguered financial dinosaur Citigroup may be looking to get out its deal to purchase the naming rights to the New York Mets new stadium.
Many, many years ago, before our nation became a blighted economic hellscape, the bank signed a 20-year, $400 million deal to place their name atop the new Citi Field in Queens. In fact, the name is already up there! The stadium is nearly complete, the team is ready to open it for business in a couple months, and they have this sweet patch, so it seems kind of late to take down all the signs at this point. On the other hand, the federal government just gave Citigroup eleventy-billion dollars of your money and you were probably hoping that it wouldn't be used to support the Mets.
Who knows how this will all play out, but I think this "man on the street" interview sort of sums up the whole situation for everyone involved. In fact, I'm guessing that the local NY1 news team didn't have to go far in Flushing to find someone willing to express this sentiment.
In other words, you can put lipstick on a pig, but it will still collapse in late September.