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Originally Posted by freddymo
Phil do you realize I 100% agree that they are in "the Shiet" for no reason. Do you realize I think its outrageous they are criminals that have no clue how to run a business. I never suggested I am behind OTB's managaement just that the Audit and Auditors believe that what has been repped financial is CORRECT.
Steve Crist and Mat Hegarty have made the asertion that a large part of the losses are from surcharges which are deemed a liabilty instead of an asset. And that is someone either intentional made this decision and it is incorrect or a blatant accounting error.. Phil which one do you think it is? Wouldn't it be prudent to have a professional expert review the audit and render his or her opinion. What do you think is going happen in Court they are going to copy and paste Hegarty's DRF piece(Byk's indisputable smoking gun) hand it to the judge and say"here is all the proof you need"?
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Fred the $600 Mil pension obligation - if bankruptcy happens , who picks up that tab the city or the state? where does ny get the $ to pay off the pensioneers? patterson says ny state is broke