You know what, normally I love new stadiums, but one really pisses me off. No not Yankee stadium, though I think they over spent building the thing. Citi-Field.  Why am I so annoyed? Citibank Field basically is promoting all over the park with Government money. Tax money that you and I have to pay. Now I am sure that this has been written about many times but I want to bring it up again, since the MLB season starts today. Citibank took TARP (Troubled Asset Relief Fund) money and they should not be allowed to be sponsors of MLB parks.  Citibank is clueless.

I have sat in front of my TV and watched Vikram Pandit get grilled in front of the senate banking committee and he came across as one of the most pompous assholes I have ever seen. While the other bank CEO's that took TARP money were repentant he was just up on his high horse interrupting everyone who tried to get a word in. Now this was two months ago mind you and since then millions of Americans have lost their jobs because of the banks and how they valued mortgages. If these banks had paid a little attention to the underwriting process of giving out mortgages to real estate developers and homeowners we would not be in this situation.

Now you can fault a million different people and reasons for this mess, from Bush, to the banks, to the bonds trader who started doing mortgage backed securities in the 80's, to the common American who should have realized that interest only loans lead to negative amortization and when the home value drops as it did, you are going to end up defaulting on your mortgage. Not rocket science people.

Let me bring this back off my rant on common sense to Citibank that in a move that annoys me to no end did not back out of it's deal to be the sponsor of the Met's new park.  Instead they went full steam a head. So they are now putting in my opinion money towards sponsorship that they should have put towards making sure their bank soluble. I hope I am not the only one in thinking that we have some true idiots running our banks here. Now I am not going to claim that I know the ins and outs of the banking industry, but I know enough when to call, "bullshit" on something such as paying 400 million for the naming rights to a field when people are living in their cars because of you.

Annoyed? Yes I am.