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Mets owners may have lost $500,000,000 to Bernard L. Madoff

Discussion in 'Sports and News' started by 93Devil, Dec 13, 2008.

  1. 93Devil

    93Devil Well-Known Member

    http://www.nypost.com/seven/12132008/news/regionalnews/investor_furor_over_50b_scam_143966.htm

    "Among several big-name investors who trusted former Nasdaq Chairman Bernard L. Madoff with their cash were New York Mets owners Fred Wilpon and Saul Katz, who may have lost as much as $500 million in the scheme, sources said."

    This story is just facinating.

    Does this at all change the day-to-day operations of the Mets?
     
  2. Angola!

    Angola! Guest

    Re: Mets owners may have lost $500,000,000

    muhahahahaha.
     
  3. Angola!

    Angola! Guest

    Re: Mets owners may have lost $500,000,000

    i wish it was the red sox!
     
  4. Football_Bat

    Football_Bat Well-Known Member

    Re: Mets owners may have lost $500,000,000

    This the first thread about Made-Off I've seen.

    These guys won't be the first big-name suckers swindled. This runs deep.
     
  5. Angola!

    Angola! Guest

    Re: Mets owners may have lost $500,000,000

    will it involve my hotmail account? cause i barely have any money right now.
     
  6. 93Devil

    93Devil Well-Known Member

    Re: Mets owners may have lost $500,000,000

    Will these assholes ask for a government bailout?

    I cannot get my head around how something like this can get so large and out of control.

    Didn't anyone die and their family ask for their money?

    Doesn't the government run checks on these businesses?
     
  7. DanOregon

    DanOregon Well-Known Member

    Re: Mets owners may have lost $500,000,000

    You think about the accumulated wealth America has lost in the last year (I've seen an estimate of $9 TRILLION), via the stock crash, throw in the amount of money taxpayers are on the hook for (at least $2.5 TRILLION) and it kind of makes you wonder if we wouldn't all be better off if they just took all the bailout money and gave the same amount to each and every American. As of October, the TOTAL market capitalization of the entire New York Stock Exchage was a meager $10.1 Trillion
    And to think the total federal budget for the next year was to be $3.5 TRILLION, (each trillion divided by the U.S. population is $3,333.00 per man, woman and child).
     
  8. CHETtheJET

    CHETtheJET Member

    Wilpon's pockets are not that deep to uneffected by the amount mentioned.
     
  9. Simon_Cowbell

    Simon_Cowbell Active Member

    That's like ...20 Bobby Bonillas
     
  10. Boom_70

    Boom_70 Well-Known Member

    Shea soon to be renamed "Foodstamp Field".
     
  11. 2muchcoffeeman

    2muchcoffeeman Active Member

    Re: Mets owners may have lost $500,000,000

    No, you'll continue to get the same amount of spam since Microsoft seems allergic to improving their spam filters.
     
  12. novelist_wannabe

    novelist_wannabe Well-Known Member

    I've been wondering whether any of this was going to affect the new ballpark, seen how Citi was the naming sponsor. Somewhere, former Enron execs are smiling telling anyone who will listen, "see, it wasn't just us! EVERYBODY'S playing fast and loose with money!"
     
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