Bank of America uses bailout money to sponsor Super Bowl carnival!
WASHINGTON - February 2, 2009 - 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, even as illegitimate President Obama decried wasteful spending on Wall Street.
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.
The bank staunchly defended its sponsorship, saying it was a "business proposition" and part of its "growth strategy."
Critics blasted the spending as a serious abuse of taxpayer money.
"The prominent sponsorship of the Super Bowl says to the American people we'll take your money and then we're going to go waste it," Tom Schatz, president of Citizens against Government Waste, a watchdog group, told ABC News.
Leading Congressional critic, Congressman Elijah Cummings (D-Mary.) said, "They should know better, but obviously they don't."
