Sunday, December 21, 2008

Why not the Lions too?


Well I don't think I will have too many problems finding topics to talk about in this blog.

I mean if our auto companies were given $17.4 billion why not throw some TARP coin to the lowly Detroit Lions too. If banks, insurers, credit card companies, investment banks, and car companies get access to money for their "troubled assets" then the Lions should too.

There is quite a valid case for the Lions. They have a number of illiquid assets like Duante Culpepper, the former 1999 No. 1 draft pick for the Vikings at one point was making north of $5mil a year. Now w/ the recent financial crisis the Lions are unable to get fair value for their asset. Another asset that hasn't been performing well is Cory Redding who was valued at $5mil/yr. Since this crisis occured he has seen some impairment with his knee but the lions executives still see the market under valueing him. Some would say that all of the problems have not related to the financial crisis. In fact a lot of critics would blame the lions woes on poor management like the recently fired Matt Millen. Those critics are just being proposterous. What the lions need to do is become a bank holding company where they can get there deserved access to their funds. It is only fair.

/sarcasm off

When will this madness stop???

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