Citi Field Redesign

In light of the federal government's decision to inject $20 billion into Citigroup and to backstop up to $300 billion of the bank's losses, the Treasury, FDIC, and the Federal Reserve are pleased to unveil a redesign of the new home of the New York Mets.

Previously christened "Citi Field", the new stadium's naming rights were purchased by the bank for $400 million in late 2006.  In the two years since, Citi shares (NYSE: C) have shed more than 90% of their value.

Market analysts are cautiously optimistic that this more representative re-branding of the stadium will help restore investor confidence in the financial giant and the banking sector generally.

Update:  Hey - the New York City Council stole my bit. (HT: JWF)