ashie62

John Cougar Lunchbucket wrote: Pretty sure the trustee is just doing what any bankruptcy trustee is supposed to do -- he's going after what he can to help the people who were wiped out. This idea that its personal (see Lupica today) is way off-base. 100 percent correct..

Frayed Knot wrote: MS? Point being that the trustee is partially basing his suits on the idea that the ones who made out on the Madoff deals "should have known" that the return rates and success rates were too good to be true. But the same could be said for the folks who ultimately lost on the deal; after all, they were most likely seeing paper "profits" in the same range and presumably also not blowing a lot of whistles about it. Not that that makes the whole suit unworthy or anything. It's just a bit ironic to claim money from one set of folks on the basis that they should have known better in favor of clients who (assuming the first bunch weren't in cahoots) were pretty much in the same boat. The suit claims that financial firms such as JPM and MS suspected Madoff was fradulent and allowed him to trade through their desk. That is putting a firms interest ahead of a client. Any client, even those not trading with Madoff. ANY JPM customer. Simply put, If I purchase 100 shares of Apple for a customer my client has been harmed. Why, because by my firm doing any trading with a knowing fraud puts my customer at a disadvantage. Very, Very hard to prove..but, in JPM's case I suspect Jamie Diamond will cut a deal at somewhat less than 6 billion requested.

You betcha since 1990.

Well I work for MS and I didn't know Negative 225 Million book value? Too late for TARP!

Injured by June.

I think I do...Could Wilpon be so dense not to see through this?

"It's getting better all the time, it can't get no worse."

Up from Buffalo as a Mets starter if and when the Mets fall out of it.

Edgy DC wrote: I logged onto the Mets website as my wife called me from the next room. As I arrived at her side, the load finished and a press conf. clip played... something along the lines of "I just want to make clear that the matter of today's announcement will have no effect on the day-to-day operations of the Mets." Wifey starts cracking up and finishes the quote on her own. "You can be assured that Met managers will still make dumb decisions. That will not change. Players will continue to perform erratically, beat up their relatives, be arrested, and be rightfully charged with felonies. Fans need not fear that anything will change on that front." Sadly, you both may present our best case scenario.

Ceetar wrote: I imagine he would, yes, as it seems unlikely anything about his job has changed. Sandy's job may have changed in he could be hamstrung by the budget for longer than he or nyone thought. Well, the lwsuit is unsealed 2/9/11, more to come.

I thought the ship date for series 1 was 2/2/11. So..I don't know lol.

Interesting short piece by Rubin on espn.ny. If Alderson wanted out I imagine the Mets would have to pay him something if Sandy was unaware of the first ponzi scheme. http://espn.go.com/blog/new-york/mets/post/_/id/13777/would-sandy-say-yes-again

Yeah probably so with MLKIII..I also have trouble picturing Kranepool in these types of big dollar discussions.

Avoid hedge funds. They are still largely unregulated and not terribly transparent.

Selig might like MLKIII to take 100% of the Mets sans Kranepool and Clendenon.

MLK3, Krane and others to possibly form a group to buy no less than a majority stake in the Mets or the entire enchilda.. http://mlb-facts-and-rumors.blogs.cbssports.com/mcc/blogs/entry/22297882/27310973

Gets considerable time with the big club in RF filling in for Beltran and playing ahead of Duda. 250 AB 10 HR 40 RBI .255

From "Ya Gotta Believe" to "I have a dream."

"Modest Mogul" is an oxymoron in this case.

Ceetar wrote: ok. Recap. Tell me how it went. I didn't make it, opted instead for a more local me etup with other bloggers. anyway. did we solve world peacE? Walk like an Egyptian. Me and Ashie1 are looing forward to the March go-to..

It seems Wilpon want to consider a roughly 250 million dollar investment in the team but the minority owner will have no voting rights or say in day to day matters. That would be one hell of a "speculative" investment.

Great!

Because of the cash spent on it?

Douchebags with hair.

metsmarathon wrote: John Cougar Lunchbucket wrote: Times says one guy may be suing the Mets for up to $1 billion! how exactly would that make a lick of sense? Damages for money that could have been earned during said time period.