You Weren’t Invited

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 as President Obama decried wasteful spending on Wall St. 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-MD), said, “They should know better, but obviously they don’t.” According to the Bank of America, the official bank of the NFL, its NFL partnerships and product tie-tins “generate significant revenue streams.” The bank said it was legally required to fulfill its contract to be an NFL sponsor and that its NFL product sales had already increased since the Experience began Jan. 24. The bank refused to tell ABC News how much it is spending as an NFL corporate sponsor, but insiders have put the figure at close to $10 million

What to do in the face of economic ruin?

Fly to Cabo San Lucas, of course — on the company jet. Ex-Citigroup CEO Sandy Weill used one of his former company’s multimillion dollar jets to whisk his family to Cabo San Lucas, Mexico, to ring in the New Year.

The ex-CEO used the $45 million Bombardier Global Express jet to carry himself, his wife Joan, and his daughter Jessica and her family to the exclusive One and Only Palmilla Resort.

Rooms at the resort, where Eli Manning was married last April, can go for upwards of $10,000 a night for a four-bedroom suite.

The jet Weill took to Mexico features a full bar, crystal stemware, and and “pillows made from Hermes scarves,” a former crew member told the NY Post.

Citigroup declined to comment on Weill’s trip.