Citi criticized for $400 million stadium sponsorship
CNN’s Joe John talked with Rep. John Lewis who doesn’t think that Citigroup should be paying The New York Mets $400 million for naming rights to their new stadium while receiving billions as a bailout from taxpayers.
“They come to us saying, ‘look, Congress, we’re about to die.’ Yet, and still and at the same time, they are saying they are going to let go some 52,000 employees, but they want to hold on to, they are adamant about holding on the a deal whereby they can plaster their name on the front of a stadium in New York for $400 million over the course of the next 20 years. I have a problem with that. My constituents do too.”
This video is from CNN’s American Morning, broadcast Nov. 25, 2008.