Everything posted by Dick Allen
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Financial News
QUOTE (southsider2k5 @ Mar 24, 2012 -> 03:38 PM) They got Corzine's word on it obviously. And trust me the people who transferred the money will testify that Corzine told them to do it because they aren't going to go down for it. Which plays right into Corzine's strategy. He said/she said isn't going to get him either. Usually if someone is going to go down in one of those situations, its the best lawyer wins. They both have excellent representation. Corzine the ex Senator, Governor, testified when most said he shouldn't speak. He's not going down unless there's a smoking gun, and that gun hasn't come out yet. Since Edith did send the money and it was customer seg funds, she's starting the race a little bit behind. She shouldn't testify if not granted immunity and I doubt she will. In the end, as much as it pains me, I don't think anyone is going down for this.
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Financial News
Unless they have an email or a taped phone conversation or something else which shows Corzine knew the money was customer money when he ordered it sent, nothing is going to happen to him. The fact that no one would sign the confirmation JPM sent to MF clearly indicates to me someone knew, at least soon after. This internal memo is really nothing new and definitely not a smoking gun. Maybe if they get Edith to talk, she can give them something. I would think MF customers want someone to pay, but would rather it be Corzine than an assistant treasurer who was just doing what she was told. IMO JPM is clearly not innocent either. If they required that confirmation, why did they post the money to that overdrawn account without it? MF has hurt the entire industry.
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Financial News
QUOTE (southsider2k5 @ Mar 24, 2012 -> 02:46 PM) Irrelevant. If it is true that the CRO of JPM called them and point blank asked the CEO if the funds were from customer segregated funds, and even took the extra step of attempting to have him sign an attestation to that, they are easily in the clear. They did their due diligence and then some. Taking down Corzine for misrepresenting that fact will only help that out. Corzine already went over this in his testimony. This latest email isn't anything new. The account the money came out of at least at one time contained both customer and firm funds. JPM tried to verify the funds were segregated, but no one signed their confirmation. I would think Corzine probably knew the funds at least partially were customer funds but maybe figured JPM was going to be crediting the account far more than $200 million when this money was transferred, which didn't happen, as supposedly JPM was really slow crediting MF accounts. I used to work at MF Global. I can say without any doubt in my mind, Edith O'Brien would never send the funds illegally unless she was forced or tricked. I don't think Corzine is innocent, but he'll skate around this pretty easily. I doubt Edith even testifies. They are just wasting money and time with the next dog and pony show. The CFO already said he knows nothing, Edith will use the 5th unless they grant her immunity, and the North American CFO is going to be there and she was on vacation when all this went down. A couple of banks are now offering many MF accounts 90% of their account value for their claim. They have been paid 72% and the trustee announced it will soon bring that up to 80%. I'm pretty sure they are going to "find" a pretty big portion of the "missing" money in the near future.
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Sox spring training Catch All thread
QUOTE (elrockinMT @ Mar 24, 2012 -> 10:36 AM) Granted AJ might not have the best arm but the pichers have to help keep runners close, which they didn't except for Mark Buerhle. I wonder what the percentages were? Mark threw a lot because he had such a great pick off move. Yes, and he threw over a lot because he tries setting guys up. These days, most pick off attempts at first base are called by the dugout. Maybe it was Ozzie's attempt to try and combat the slow releases of White Sox pitchers.
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Reports: Illini hire John Groce
QUOTE (Buehrle>Wood @ Mar 23, 2012 -> 03:20 PM) I was kidding. I don't really know. But fwiw, Hayward was a Stevens recruit. Mack presumably was too. Not sure on Howard. These mid major guys are crapshoots. Lickliter was thought to be quite a catch, but his style didn't go over very well, in terms of execution and recruiting, and fan interest. They were drawing more for wrestling than basketball watching Lickliters teams struggle to score 50 points a game. BTW, when Hayward committed to Butler, Lickliter was coaching. He committed his junior year in HS. Anyway, its something I will be able to rub into Illini fans until Stevens shows he's a little different.
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Reports: Illini hire John Groce
QUOTE (Buehrle>Wood @ Mar 23, 2012 -> 03:17 PM) Stevens was clearly the genius behind Lickliter. If the Illini hire him, they better hope you're right. If he's anything like Lickliter, the athletic department will add another to the line of people they are paying not to coach their teams anymore.
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Reports: Illini hire John Groce
I wonder how much better Stevens is than Todd Lickliter. Same school. Lickliter had 2 Sweet 16s and was the reigning national coach of the year when Iowa hired him. and Stevens had 2 finals games, albeit with Lick's players. Lickliter is now an assistant at Miami OH, still getting checks from Iowa. What an awful hire he was.
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Reinsdorf key player blocking Moorad's ownership
QUOTE (Harry Chappas @ Mar 23, 2012 -> 12:11 PM) JR does not own the Sox. JR has won more championships than any owner not named Jerry Busse in professional sports. JR has won more combined games as an owner than any other current owner in professional sports. ( I made that one up.) If your first sentence is true, your last 2 cannot be true.
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2012-2013 NFL Thread
QUOTE (southsider2k5 @ Mar 22, 2012 -> 03:37 PM) I get both sides really, it isn't that complicated. Football is different because of the non-guaranteed nature of their contacts. I understand a player holding out because their contract means nothing. I also understand the Bears not paying up, because RBs historically fall off of cliffs very quickly, and oh yeah, Forte is coming off of a pretty serious knee injury. Exactly. The NFL is the only league I have no problem with players with contracts holding out. If they have a bad year they get cut. If they have a better than expected year, they should get paid.
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Sox vs Royals ST game thread 3/22
QUOTE (The Ginger Kid @ Mar 22, 2012 -> 05:58 PM) Wish we could see that guy we saw in his first ST. You saw him last spring. How did that work out? Let's see what happens when the games count.
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Time to change Viciedo's position again
What's funny is people think Viciedo playing a position he can't play will hurt him when at the plate, but Dunn playing a position he can't play will help him at the plate. Personally, I don't think Viciedo's position in the field will have any effect on his offense. A lot of people are panicking about 30 meaningless ABs after 4 or 5 months without seeing live pitching. People are taking spring training numbers way too seriously.
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Sox spring training Catch All thread
QUOTE (caulfield12 @ Mar 21, 2012 -> 08:03 PM) Does that count the insurance reimbursment claim for Jake Peavy? Well, let the latest financial "spinning" begin anew. The Royals made $28.5 million in profits. Someone in Lawrence won't be happy with David Glass. http://www.google.com.hk/url?sa=t&rct=...tOg&cad=rjt Brooks Boyer interview on the marketing team's challenges heading into 2012 The Royals must be putting some of the revenue sharing money in their bank account. If their farm system is anywhere near as good as a lot of people think, eventually they are going to have to pay some guys some big money.
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Terry Doyle back to the Sox
QUOTE (flavum @ Mar 21, 2012 -> 02:28 PM) No you didn't. The fact is the Sox were at about 36 on the 40-man when he was left unprotected. Doyle had a very good AFL. And if he did anything in spring training, he would have made the Twins roster. Even if was just a bullpen spot. Quite simply, he stunk up the joint in Florida the last couple weeks, and the Twins couldn't keep him. But you didn't know he would stink in spring training. You just guessed right. He would have had to stay on the Twins roster the entire season. The guy is 26 years old putting up numbers in A ball and a huge pitchers' park in AA. He really isn't anywhere near a big time prospect. Odds were the Sox were going to be able to get him back at some point. KW made JR $25k, and now we can see what Doyle can do in AAA.
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2011-2012 NCAA Basketball Thread
QUOTE (Heads22 @ Mar 18, 2012 -> 06:47 PM) http://thequad.blogs.nytimes.com/2012/03/1...-the-dark-side/ Oh my, Scott Drew is shady, imagine that Why is it shady to recruit players playing for other schools, but not coaches under contract at other schools? I certainly hope coaches who feel free to leave whenever they feel like it wouldn't have a problem with another school talking with their better players about perhaps a better opportunity.
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2012-2013 NFL Thread
Its amazing NFL players would think of Sean Payton as anything but scum. First as a player he was a scab, now his team gets paid to injure players. He got what he deserved. Drew Brees would have a different opinion of him if Payton was coaching another team and was aware one of his players got a bonus for blowing out one of Brees' knees.
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Sox spring training Catch All thread
According to Forbes. Sox profit $10.7 million in 2011. Team value up 14% to $600 million.
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Reports: Illini hire John Groce
QUOTE (illinilaw08 @ Mar 21, 2012 -> 03:10 PM) Maybe I'm in the minority here, but while I would like someone who can bring in the Jabbari Parker's of the world, aren't we actually looking for the next Bill Self here? Self, off the top of my head, only landed 3 CPL guys while at Illinois, none of whom were highly regarded: Luther, Brock and Aaron Spears (I acknowledge that Self did in fact land Collins and Wright while at Kansas, but the Illinois point remains). You can have consistently competitive teams at Illinois relying on the suburbs and downstate. If you can bring someone in with national ties (like Self) and put other states in play, isn't that the homerun? As a result, you should be looking for young, personable, with strong recruiting ties somewhere. I don't know who that guy is, but I'll give Mike Thomas leeway to find that guy. One final point: could Chris Collins land some kids out of the CPL? Why not? I don't remember who the lead recruiter was on Sean Dockery, but Duke managed to land him. There are reasons many don't even bother with the CPL. What you have to do to actually land a kid could get you fired. See Kennedy, Pat at DePaul, and supposedly its even worse now. Tom Izzo went 13 years without getting someone from the Detroit Public League because of the same thing. Street agents, AAU coaches, payoffs...etc. Self had a team that probably was a national championship team at Illinois, just add Charlie Villenueva to the team that played for the title, and I think they win without a gigantic presence of Public League players. I think the Public League is used more to try to justify Bruce Weber getting canned than actual winning.
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Terry Doyle back to the Sox
From the Soxtalk scouting reports I read when he was originally lost, I am stunned the Twins returned a future All Star.
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Sun-Times: Trades Will Happen Soon if Sox Fail
QUOTE (southsider2k5 @ Mar 19, 2012 -> 12:28 PM) It also makes it hard to succeed when you manager is pretty much known as killing some of your biggest acquisitions. Of course. Ozzie was horrible last year. It wasn't about winning, it was about showing up KW. He's probably lucky he's such a clown. What he did can get someone blackballed.
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Sun-Times: Trades Will Happen Soon if Sox Fail
QUOTE (southsider2k5 @ Mar 19, 2012 -> 12:11 PM) When polled at the end of September more favored keeping Kenny than Ozzie. If you had to keep one, you had to keep Kenny because a victory over Kenny would have made the GM position with the Sox very weak and made Ozzie an even more egotisical clown. KW is running on 2005 fumes and JR loyalty. Of course that could run a long time. Personally, I think they both should have been gone after their childish feud, which now is being reported as a very disruptive influence the past few years. It was totally denied during that time, but its hard to imagine it didn't have an effect. I do think Ozzie and Oney being gone is extremely positive and can only help moving forward. I will be watching with a tub of popcorn the first time things don't go so well in Miami. We do know a couple of things, if the Marlins win, its because of the genius baseball mind of Ozzie Guillen. If they lose, Ozzie has nothing to do with it.
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Sox/Reds game thread ST 3-19
QUOTE (flavum @ Mar 19, 2012 -> 12:02 PM) I hope that's a drop in the bucket. Get it down to mid-30's today. They're at 51 with 2 weeks left. You need more than that around to finish out games. I'm sure the Sox have a pretty good idea of the final 27 or so guys. Its probably possible someone outside of that makes the team these final 2 weeks, but very unlikely.
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Sun-Times: Trades Will Happen Soon if Sox Fail
Cowley has zero Sox sources concerning team direction. A few players will talk to him, that's it. He had to write about the White Sox and had no info, so he Jay Marriottied it. Its a recycled article from last year. The whole thing is pure Cowley speculation delivered as facts. He himself said the White Sox would be irrelevant when Ozzie left. Why is he wasting time writing about irrelevancy?
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2012-2013 NFL Thread
QUOTE (Steve9347 @ Mar 14, 2012 -> 11:51 AM) Just posting s*** I or someone else I know finds on the webs. However, it sounds like Mario's fiancee is headed to Buffalo, so we can probably strike him off the list. If its the same plane, the Bills flew him to Buffalo. It may actually be Wanny flying home. I think he now lives in Chicago during the offseason. His daughters live here, and I saw him in the health club a week or so ago. The Bears still have to sign draft picks and other veterans. As much as Mario would be awesome on the Bears, it isn't going to happen. They can't afford him.
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2012-2013 NFL Thread
QUOTE (Steve9347 @ Mar 13, 2012 -> 01:49 PM) I'd imagine the Bears plan on signing Orton? Clearly backup QB needs to be addressed. I really don't see them getting Jax and Mario, that really can't happen cap wise as stated in the previous post. Here's what I'd like to see, if the Bears added this, they'd be good to go. Super Mario Other Mario (Manningham) Kyle Orton Draft R1-R7 Eric Winston (released by Texans) and oh what the hell throw in Dallas Clark. Unless he had no other options, Orton won't sign with the Bears. Not enough playing time.
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2012-2013 NFL Thread
Unless one or both take a rather steep discount the Bears don't have the cap space for Jackson and Williams.