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San Diego plays big role in Field of schemes

Then it screwed a little town whose name I have forgotten that was dumb enough to pay the Raiders money to consider coming there. The Raiders took the money and never showed up. The team went back to Oakland and demanded more money from this city with high poverty, rundown schools, deteriorating infrastructure. Yes, Al Davis knows how the game is played, because he drew up some of the rules. Best, Don Bauder By dbauder 12:49 p.m., Apr 4, 2008 ================================== Beautiful Irwindale, off the 10 freeway 25 miles east of LA.... that was in 1988/89 believe it or not, almost 20 years ago. Al Davis has lost some money, or maybe a better term is Al has not made as much as he penciled out, upon his return to Oakland in 95. He has been in a huge lawsuit with the City and County that as far as I know is still going on. Al is on his death bed, so it will be interesting to see what happens when he dies. I imagine his son will take over. It is truly amazing how much money football owners have made from franchise appreciation. When Ken Behring bought the Seahawks he paid $25 million (ok, it was in the early 80s and they were the perininal door mat). When Spanos bought the Chargers it was for I think $35 million. When Jerry Jones bought the Cowgirls it was for $100 million and everyone thought he was nuts paying that price. Snyder paid $850 million for the Redskins a few/4-5 years back (but somehow the deal included a brand new stadium...lol). Biggest scams around.
— April 4, 2008 8:28 p.m.

California Is in Such a Financial Quagmire That There Could Be Municipal Bankruptcies

I am no fan of AB Laffer, but he is on the money with the Muni BK's. Vallejo, as we all know, will be filing BK April 22, 2008 (wow, just 2 weeks away). The notion that a large % of people move from state to state based on tax rates is nonsense. If that were true NY (and CA.) would be a wasteland. San Diego will BK too, just a matter of time. We could not make it in the biggest boom of the last 80 years, and now the bust to the boom has arrived-and we still have gold plated Cadillac pensions andother abuses. Time to pay the piper. Sanders said he was going to "shore up" the pension hole with $600 MILLION big ones, he said that 18 months ago-guess how much he has plugged of the $600 MILLION?????? Just $100 Mllion-all of it from the tobacco settlement money-money that should have benefited every taxpayer in this City. The funny thing is Colonel KFC Sanders made the City employees absorb $6 Million in benefit cuts, in exchange for the $600 Million plug to the pension system-or a 100 to 1 ration in favor of the employees. Just yesterday the Clowncil and KFC Sanders tried to pass a sub prime "bond" issuance where the interest rate could ballon to over 16%, and people wonder why San Diego is going BK. Thank god it did not pass. Of course this bond measure was put on the calander so they could pay more general fund money into the pesnion black hole. Like I said last year-Sanders is history-he will not be re elected, and if he is re elected I am moving to Hong Kong, or some other responsible and booming City that has their act together. Chula Vista will be filing BK also.
— April 4, 2008 7:45 a.m.

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