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  #1  
Old 02-09-2010, 09:57 AM
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jms62 jms62 is offline
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Never thought I would say this but I am rooting for the Bank.
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  #2  
Old 02-09-2010, 10:08 AM
freddymo freddymo is offline
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Quote:
Originally Posted by jms62
Never thought I would say this but I am rooting for the Bank.
Why whats the bank going to do for you or RACING? You could be thinking about how crappy it is to come into a business and be fed to wolves for millions. Sanaan talks about how he got mauled by Bloodstock agents and other crimnals, you think it's great news that Zayat, who seemed to want to be a huge part in the sport is broke? I don't, I just thinks its another sad commentary on the sport. While I am sure Zayat is no saint, the sport needs owners spending 10 15 mil a year on racing not thieves lining their pockets waiting for the next sucker.
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  #3  
Old 02-09-2010, 10:23 AM
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Linny Linny is offline
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Actually Fifth Third is one of the leading banks in racing. Many banks wont extend credit for something as risky and 5/3 has kept many racing/breeding operations afloat when times are bad.
Banks lend money and charge interest on it. Both parties have to agree to the deal. Banks treat the superrich differently from the average schmoe. Thy extend more credit and offer more generous terms so that when they superrich client will transfer more business to them once the immediate need for creit if past. Fifth Third was probably pretty sure that Zayat had a temporary need for extra cash and would be able to repay soon. It appears that not only was that not the case, he had chosen NOT to disclose a large insurance settlement that could have been used to offset debt. If it is determined that the value of Thorn Song was used as collateral for the loan it is all the more a problem as Zayat, by collateraizing the horse effectively made 5/3 a partner in the horse. You cannot destroy collateral and accept an insurance payment on it and then not inform the leander that it is gone.

Also, the JC rules say that owners are reuired to submit a death certificate to the JC if they have papers. Zayat didn't do so which begs a few more questions. Does he have the papers? Does Fifth Third Bank have them? Was he just trying to be sure that no record of the death was avaialble? Why?
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Old 02-09-2010, 10:28 AM
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jms62 jms62 is offline
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Quote:
Originally Posted by freddymo
Why whats the bank going to do for you or RACING? You could be thinking about how crappy it is to come into a business and be fed to wolves for millions. Sanaan talks about how he got mauled by Bloodstock agents and other crimnals, you think it's great news that Zayat, who seemed to want to be a huge part in the sport is broke? I don't, I just thinks its another sad commentary on the sport. While I am sure Zayat is no saint, the sport needs owners spending 10 15 mil a year on racing not thieves lining their pockets waiting for the next sucker.
Dude, cool your jets. I was speaking to hiding the death of the horse to hide the fact that he received insurance money. I hear what you are saying but I can't give him a pass just because he is in the business just like I don't give Tanaka or David H Brooks a pass because they were in the business.
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Old 02-09-2010, 10:43 AM
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gamblin4ever gamblin4ever is offline
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RIP Thorn Song
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  #6  
Old 02-09-2010, 10:54 AM
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The Indomitable DrugS The Indomitable DrugS is offline
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Quote:
Originally Posted by freddymo
While I am sure Zayat is no saint, the sport needs owners spending 10 15 mil a year on racing not thieves lining their pockets waiting for the next sucker.
What I will never get ... is how so many of these owners with so much money to start with always have a knack of finding the thieves who rob them blind.
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  #7  
Old 02-09-2010, 11:22 AM
freddymo freddymo is offline
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Originally Posted by The Indomitable DrugS
What I will never get ... is how so many of these owners with so much money to start with always have a knack of finding the thieves who rob them blind.
It's easy for an exotic dancer to get money from you when its 3am and you are alone in the private lounge. I think it's the same principle, you are intoxicated with the dream and the only thing that matters is the dream.. sort of like you today at Denny's. You heard about the free breakfast last week and the realty of today was the only thing that you could think about till you stiffed the poor waitress after you were done.. lol
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Old 02-09-2010, 11:26 AM
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Quote:
Originally Posted by freddymo
It's easy for an exotic dancer to get money from you when its 3am and you are alone in the private lounge. I think it's the same principle, you are intoxicated with the dream and the only that that matters is the dream.. sort of like you today at Denny's. You heard about the free breakfast last week and the realty of today was the only thing that you could think about till you stiffed the poor waitress after you were done.. lol
Speaking of strippers, on the news they were talking about a club running promos of lap dances for a cause to benefit Haiti. Who says strippers are bad people?!
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  #9  
Old 02-09-2010, 11:28 AM
freddymo freddymo is offline
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Quote:
Originally Posted by Sightseek
Speaking of strippers, on the news they were talking about a club running promos of lap dances for a cause to benefit Haiti. Who says strippers are bad people?!
I shake for the quake?
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  #10  
Old 02-09-2010, 11:29 AM
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Sightseek Sightseek is offline
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Originally Posted by freddymo
I shake for the quake?
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  #11  
Old 02-09-2010, 11:28 AM
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randallscott35 randallscott35 is offline
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I really don't enjoy strip clubs at all. To each his own, but I just don't get how they're enjoyable....Lounges/clubs sure, strip clubs----not so much.
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  #12  
Old 02-09-2010, 11:37 AM
Antitrust32 Antitrust32 is offline
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Quote:
Originally Posted by randallscott35
I really don't enjoy strip clubs at all. To each his own, but I just don't get how they're enjoyable....Lounges/clubs sure, strip clubs----not so much.

get hammered drunk, listen to music, joke with your friends, and watch beautiful (not always) naked woman dancing sexy.. its fun when you are using other peoples money!! (thanks Sniper)
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  #13  
Old 02-09-2010, 11:39 AM
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VOL JACK VOL JACK is offline
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Quote:
Originally Posted by randallscott35
I really don't enjoy strip clubs at all. To each his own, but I just don't get how they're enjoyable....Lounges/clubs sure, strip clubs----not so much.
I thought the same thing until I went to 'the cheetah' in Atlanta....NICE.
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  #14  
Old 02-09-2010, 11:57 AM
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The Indomitable DrugS The Indomitable DrugS is offline
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Quote:
Originally Posted by freddymo
It's easy for an exotic dancer to get money from you when its 3am and you are alone in the private lounge. I think it's the same principle, you are intoxicated with the dream and the only thing that matters is the dream.. sort of like you today at Denny's. You heard about the free breakfast last week and the realty of today was the only thing that you could think about till you stiffed the poor waitress after you were done.. lol
There are no Denny's around here.... sadly.
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  #15  
Old 02-09-2010, 11:58 AM
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randallscott35 randallscott35 is offline
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Quote:
Originally Posted by The Indomitable DrugS
There are no Denny's around here.... sadly.
Who are you Tiger Woods?
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  #16  
Old 02-09-2010, 12:01 PM
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The Indomitable DrugS The Indomitable DrugS is offline
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I think Tiger was laying pipe in a Perkins waitress .....

We are infested with those around these parts.
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  #17  
Old 02-09-2010, 12:58 PM
freddymo freddymo is offline
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Quote:
Originally Posted by The Indomitable DrugS
There are no Denny's around here.... sadly.
Did you apply for the raincheck on line?
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  #18  
Old 02-09-2010, 01:03 PM
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The Indomitable DrugS The Indomitable DrugS is offline
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Freddy .... I'm feeding the homeless prime rib buffets complete with free beer.... that's the difference between guys like you and me.

Sure, you probably buy meals for family and friends ... but when have you ever made an effort to round up our not so fortuante fellow degenerate crazies and unleash them?
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