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Originally Posted by Danzig
according to the article, the check was correctly written/cashed. the insurance decided to pay due to the condition the horse was in. zayat isn't in trouble (presumably) on that score. since they paid, and the horse is alive, they now own the horse. i'd guess it's similar to the payout on war emblem, who is still covering mares.
zayat isn't under fire over receiving the check-it's just that 5/3 thinks they have the rights to all his horses, therefore they fell they should've gotten the check. i don't even know that the real issue is zayat-it sounds to me that the real issue is that the bank is about to fail, and they're seeking every avenue to generate cash.
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Thanks Deb for a summary some may be able to comprehend... if they bother to read it. It's nice to see that someone actually visited news sources, gathered information and digested it before firing away willy-nilly with zero uderstanding of what actually transpired. But hey... it's the internet. Let the innuendo and lynch mob mentality reign free!
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