...yet another sponsorship made in Hell.
First, the Bengals and the NFL brought you a partnership with the let's-just-pretend-this-isn't-a-regressive-tax Ohio Lottery. Now, the Rent Extractors Bengals recently announced a deal with Fifth Third Bank for advertising and ATM placement in Paul Brown Stadium.
At one point arguably the best managed regional bank on Earth, Fifth Third (like most every other bank) lost its mind sometime around 2003 and started making loans to anything with a pulse. Now benefitting from blanket guarantees of all manner and a tasty Kahn's All-Beef Hot Dog style injection of about $3.5 billion of TARP funds...good ol' 5/3 appears to be on a buying spree not just of Bengals ad-space but also corporate assets with its new taxpayer backed swagger.
Anyway, hope you picked up 5/3 stock at the $1.03 all time low in February (down a cool 98% from its all time high of $68) because your automatically deducted income tax dollars allowed it to survive and now thrive. It makes a nice complement to the $.5 cent more expensive cheese coney from Skyline due to PBS sales tax wouldn't you say?
Just a question and a comment -- did 5/3'rds stock split during that time -- if so, how many times?
Remember that the devaluation hit everyone and is certainly responsible for the reductions in some part.
Now, as to MBB doing what he wants? Well, if you voted yes for the stadium tax, well, you voted for him to do it. The only sad part is that you've taken SANE people (like me) on your magical yellow carpet ride to financial idiocy -- all because you couldn't live without your poor 'ittle BANGals.
I think that what WDR needs to offer is a bumper sticker to the 'elites' on this board who DID NOT vote for the tax for the stadium -- and only to them, saying: "Nope I didn't do it but there were 'XX' million idiots who did -- don't blame me!"
Posted by: WCH | September 17, 2009 at 01:02 PM
Those figures are split-adjusted...
I can't say for sure but I'm pretty sure no one writing at WDR voted for the tax. Of course, that's because I don't think any of us could have legally voted at that time (most of us were still in high school).
So you'll just have to trust me when I say if I could have voted at the time I would have voted against it.
Posted by: Sleeping With Bieniemy | September 17, 2009 at 01:21 PM