It is about time this came to light. Thank you Newsday for this.
According to the New York based newspaper, the New York Yankees and Bank of America have been in negotiations for major signage all around the new stadium for $20 million.
I’m sorry. Isn’t Bank of America also receiving federal bailout money? Yes they are, $45 billion to be exact.
Don’t they already have naming rights for a stadium? Yes they do. The stadium the Carolina Panthers play in.
You know that major Super Bowl fanfest? You know. The one that was five days long. Right. That one. BoA sponsored it. They’ve had to answer for it. Their excuse was:
“Bank of America was honoring a deal signed months before the bailout.”
Ironically, so is Citigroup.
Yet, here’s the straw that breaks my back. The deal with the Yankees has not even been finalized. They are still negotiating, probably using the federal bailout money.
How about that Congress? Or is it because it is the Yankees, it is okay?
Congress is full of nothing but blowhards. Try actually doing something that will benefit the citizens, like passing the stimulus package.