Bailed Out Banks Still Blowing Millions on Sports Sponsorships

By Katharine Zaleski, Huffington Post
Posted on February 2, 2009, Printed on May 27, 2012
http://www.alternet.org/story/124719/bailed_out_banks_still_blowing_millions_on_sports_sponsorships

Tax paying sports fans beware... it appears that you may be helping sponsor major teams whether you like them or not! A couple reports out cite how bailed out banks are still spending millions on sponsorships. Moreover, Bank of America is considering a new sponsorship with the Yankees. Read below.

ABC: Bank Of America doled out around $10 million for super bowl festivities...

Despite a near collapse that required $45 billion in federal taxpayer bailout funds, Bank of America sponsored a five day carnival-like affair just outside the Super Bowl stadium this past week as President Obama decried wasteful spending on Wall St.

The event - known as the NFL Experience - was 850,000 square feet of sports games and interactive entertainment attractions for football fans and was blanketed in Bank of America logos and marketing calls to sign up for football-themed banking products.

HuffPost's Ryan Grim: Congressmen want Citibank to nix its Mets sponsorship deal...

Katharine Zaleski has been the News Editor of the Huffington Post since May 2005.

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View this story online at: http://www.alternet.org/story/124719/