(bailed out bank here) is spending ($$$) to (frivolous spending)....

AgentDrazenPetrovic · Feb 3, 2009

A catch all for bailed out banks and their rediculous habits...aka....why they should have been allowed to fail.

http://www.google.com/hostednews/ap/article/ALeqM5hZg0wsnVaTqOQUQlur8hH6NR8k_gD964A5IG1

Bailed-out Wells Fargo plans Vegas casino junkets

By DANIEL WAGNER and MATT APUZZO – 1 hour ago

WASHINGTON (AP) — Bailed-out banking giant Wells Fargo is planning more than a week of corporate junkets at Las Vegas casinos.

Wells Fargo, which received $25 billion in taxpayer money, has booked 12 nights at the Wynn and Encore hotels starting Friday. Some of that is for a company conference honoring the top mortgage lenders.

The sales conference is a Wells Fargo tradition. Previous events have included horseback riding in Puerto Rico and a private Jimmy Buffet performance in the Bahamas.

At the end of the month, the company's insurance division has scheduled a meeting at the Mandalay Bay Hotel in Las Vegas.

Company spokeswoman Melissa Murray says recognizing employees remains part of the Wells Fargo culture. She says it's very important that employees know they're valued.
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AgentDrazenPetrovic · Feb 3, 2009

Citi paid $400 million to get their name on Mets stadium. They're trying to get out of it now....probably due to the noteriety not the $$$$.

http://www.bloomberg.com/apps/news?pid=20601079&sid=a83m46r6Up3s&refer=home

-- The New York Mets said a $400 million sponsorship agreement with Citigroup Inc. for its new baseball stadium is still binding with the bank that has received $45 billion in government rescue funds.

“In conversations this morning, Citi reinforced that they will honor our legally binding agreement,” the team said in a statement today. Citigroup spokesman Steve Silverman declined to comment on the Mets’ statement.

The Wall Street Journal earlier today reported that the New York-based lender was seeking ways to pull out of the deal. Citigroup is under pressure from Congress after receiving funds in the government’s bailout of the banking industry last year. Ohio Democratic Representative Dennis Kucinich and Texas Republican Representative Ted Poe last week sent a letter to Treasury Secretary Timothy Geithner demanding that the agreement be broken.

“Absent this outcome, we feel strongly that you should compel Citigroup to return immediately all federal monies received to date, as well as cancel all loan guarantees,” Kucinich and Poe wrote in the letter.
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