NYC OTB pleads its case

[pointman]

Originally Posted by freddymo

Wow the case revolves around the expert opinion of a columnist vs. partners at a highly respected accounting firm, which is paid 1/2 a million bucks to do an audit. I didn't realize Hegarty was an CPA in his past life.You learn something everyday. Which firm did Hegarty work for when he was in the accounting field, Delotte? This "unusual treament" must have escaped the teams of accountants that audit OTB financials.. Steve perhaps it would serve the community well if the facts were repped appropiately. Hear say from columnists isn't responsible even if they prove to be 100% correct in their assessment.Again, I am with you in your disdain for the ploy just think there is way more to it.

Freddy, you don't think that OTB's accountants message the numbers most favorable to OTB? Any businessman knows that just because expenses are written as off does not mean that the money is necessarily lost or unavailable for use. When Donald Trump was bancrupt, do you think he couldn't write checks to his employees, stay in first class hotel suites or ride around in limosines?

Why shouldn't people, including columnists, analyze the claims by OTB, isn't this done all the time? Don't we see columnists analyzing the proposed healthcare bill to find its hidden costs on a daily basis?

People have a right to question whether OTB is actually in a dire situation and if so, what the cause of it is. For example, OTB has been a place for politicians to stick their friends, relatives and supporters for years who were unqualified and paid unreasonable salaries, shouldn't such bad business practices be taken into consideration when they are asking others to take less to try to solve their problematic bottem line that they created themselves?