Are We Getting F'd?

[FUNKMAN]

Again,

I have strong opinions about something and would just like to see if you agree that people are getting F'd with some of these issues:

1. Wall Street - The recent events with ENRON. This billion dollar company goes under BUT! All the Executives got to sell they're stock before the dukie hit the fan. All of the small to moderate investors got left holding the bag and lost the majority of they're money.
Sure, they're looking to prosecute but they'll get time in some golf course, steak and egg facility.

2. Pro Sports - especially New York right now. They're looking for the taxpayers to cover half the bill for two new stadiums. What! So some guys could make 10/15/20 million a year because they can do they're job well a third of the time. And the owners can make twice that amount. Then the fan pays 5 bucks for a 15 cent hot dog and 5 bucks for a 25 cent cup of beer. BUT, if the fan still goes then they're asking for it! (I do not go, but admit watching some on TV)

FUNKMAN



<img src="http://www.markfarner.com/2001tour/ribfest8_small.jpg">

[Bron Yur Stomp]

yepper right up the old port hole!
Whats worse is that they will go after those guys, but the cases will delayed for years. Costing us poor schmucks even more cash. And in 2 years, they will all be back in some cushy job getting ready to screw us again.
Ahh white collar crime, thank you to all you Michael Milkens wanna be's.

hey these scrubbing bubbles dont look like the ones on tv!

[Poison Ivy]

I do believe that Mayor Bloomberg has temporarily put the stadium project on hold.....

" NEW YORK -- A plan for publicly funded ballparks for the Yankees and Mets hit a snag Monday when Mayor Michael Bloomberg said the city won't build stadiums this year because of its budget crisis.


"At the moment, everybody understands -- given the lack of housing, given the lack of school space, given the deficit in the operating budget -- it is just not practical this year to go and to build new stadiums," Bloomberg said.


Bloomberg had expressed skepticism about the deals, given the city's projected $4 billion deficits for each of the next three years, but Monday's comments were his most explicit so far.


The mayor did say, however, that he would honor a provision of the Giuliani agreement that requires the city to pay each team $5 million a year for the next five years for design and other planning costs.


"No city payments were to be made for five years," he said. "Mayor Bloomberg has acknowledged that planning money has been set aside, so the project is going forward with care."


Bloomberg did leave some hope that new ballparks will eventually be built, and said the city will continue to work with the teams.


"Down the road, if the economy improves, I'd like to see great stadiums like everybody else," said Bloomberg.


The agreement negotiated by Giuliani provides that the city will issue $1.6 billion in tax-exempt construction bonds to pay for building costs of the retractable-roof stadiums. The teams and the city would split the annual $50 million debt service.


In addition, the teams would reimburse the city for half of the principal cost of the ballparks -- $400 million apiece spread over many years. They also would sign 35-year leases with no escape clauses."

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[sunndoggy8]

1. In terms of investing, it comes down to gambling your money, and of course the top exec's are going to get paid...they're the top execs! Without getting too into explaining things, those executives have a first out if the company is going to go down the pooper the way it has. The small to moderate investor knows(or should know) that when getting into the market, and of course they're going to lose their money. I know people who lost over $1000 in an hour, which while not being a lot of money to many, is plenty to the small invester. You have to prepare for crazy events like that with the market, and while it was unexpected, you can't simply say you're being screwed, b/c in the end you're the one who decided to gamble your money on Enron, instead of perhaps in a long term mutual funds. Don't I sound like I know what I'm talking about?

2. There's no way 2 new stadiums would or should fly in NYC. The former mayor turned down a similar deal for tennis, which brought more revenue and cost the city less within the past couple years, so why should this deal fly? Rudy is a baseball fan, and that's the main reason, of course, but when there's schools and police/fire departments that could definitely use the money, spending that much on 2 new stadiums in ridiculous. The stadiums now are fine, the teams aren't moving, so there shouldn't be any new stadiums.

And you admitted that you don't go to the games, but if it bothers you so much, don't watch either. Call the Yankees or the Mets and tell them that, and see what they say...but if you're watching them, don't complain, cause you're contributing to the money they're making.

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<font color="#0F00CD">"I think it's time we stop, hey, what's that sound, everybody look what's going down"</font color="#0F00CD">

[CovDiesel]

I hold lots of stock in the Bin Laden company... it's based out of Saudi Arabia... if you're being F'd... jump on board.. it's a good time.

...not.

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[IkeaBoy]

of course we're getting fucked. That's life, being fucked. Don't want to sound cynical but part of the reason why the higher ups remain higher up is because they make their business by royally screwing us. That's how they make their living.

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<img src="http://groups.yahoo.com/group/ikeaboymoviepic/files/rr.jpg">
"My review of 2001 the year is the same as my review of 2001: A Space Odyssey- overlong, hard to follow, and only enjoyable if you're really really stoned." - Lewis Black
"and I spent 14 years as a nuke"- <a href="http://www.capalert.com">CAPALERT</a> Guy on Harry Potter- Reviews, Jesus Style

[wilee]

While its true that the small investor gets F'd the most when a company goes bankrupt or something like that, the thing that irritates me the most is the guy running the company goes to another company to do the same thing!

If you were the CEO of O&A Inc., and ran it into the ground, why would R&F Inc. want you as their CEO? These guys are "professional" corporate officers, and move from company to company in positions like CEO or CFO. I think that small companies that are run by people who know the business (e.g. Doctor running HMO instead of suits who don't know what a thermometer is) have a better chance of surviving and taking care of their investors.

At least until their version of "Walmart" moves in next door...

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