More TARP Millions Well Spent

Christopher Coffey sent a heads up on another outrageous abuse of your tax money:

Citigroup Inc. (C) agreed to pay $41 million to sponsor New York City’s bicycle-rental program, which Mayor Michael Bloomberg said will be the largest such system in the U.S. when it begins in July.

The “Citi Bike” program, presented by the mayor and Citigroup Chief Executive Officer Vikram Pandit at City Hall today, will offer 10,000 bikes branded with the New York-based bank’s logo at 600 docking stations in Manhattan, Brooklyn and Long Island City, Queens.

Remember, Too Big To Fail doesn’t mean Too Big to Promote Progressive Politicians.