Tuesday, November 25, 2008

Taxpayer Field

Citigroup and AIG still plan to go ahead with sponsorships of sports teams despite asking for bailout funds.
As part of its federal life preserver, Citigroup will stop dividend payments for the next three years and curb certain executive compensation.

Ok Good start so far, doing something to stop the bleeding, good, good.
But the banking giant and other recipients of taxpayer largess — AIG, the insurance behemoth, for instance — will continue to spend hundreds of millions of dollars to put their corporate logos on sports stadiums and events, ABC News says.

Now see, here's where you lose my support, if you "need" money to keep yourself afloat you don't go spending money "willy nilly". Ok Congress...how does the Citigroup and AIG bailout smell now? Kinda fishy if you ask me.

2 comments:

  1. There is two sides to every coin. The bailout is causing lenders to practically give away money. You would be surprised at how much cheap and in some cases "free" money is going around out there.

    Bailouts for Everyone

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  2. Now see if they use money to actually help the economy, great, but when they do stuff that makes them look bad, that's when I say whoa stupid. If I'm in trouble and ask for a loan to help me out I don't go buying cable tv if I'm worried about my lights being turned out.

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