U.S. Taxpayer Stadium

With the government's announced bailout of Citibank, will we get to rename Mets Stadium in New York?

The New York Mets theme song for the 2009 season is "We built this Citi." The question is whether the Citi will stand.

Questions about whether the humungous 20-year, $400 million naming rights deal that the bank agreed to two years ago for the new Mets stadium would stand up, began when the global financial crisis started. Then the 53,000 jobs cut at Citi, the second largest single job cuts in terms of volume in history. And last night, the government injecting $20 billion into Citigroup.

Sure, the $20 million a year is a drop in the bucket, but the important point to make here is that the folks at Citi are at least behaving as if the Mets made this contract so locked up, that they couldn't get out of it no matter what the financial situation was.

"You know, those (naming rights) decisions were made in a different time and a different place and we have a legal and binding agreement around that and so I never heard it discussed," Citi's CFO Gary Crittenden told Erin Burnett on our "Squawk on the Street" this morning. "I don't think it's an issue."

For $20 billion to keep Citi in business, I think it's only fair that the Mets change the name to "U.S. Taxpayer Stadium".