Ok, so Mustafa is in Africa and I am going to Pittsburgh, PA for the holidays with the future Mrs. Rage’s family, which means no one is going to be posting on the Deuce for a little while. So Merry Christmas to you all and we will see you late in this year or perhaps the new year. Cheers.
It appears awesomeness is not enough to make it in the world of finance. HRJ Capital, an investment firm started by Harris Barton, Ronnie Lott and Joe Montana (EDIT:Apparently Joe Montana left the company in 2005) (HRJ get it) all formerly of the San Francisco 49ers, is about to get taken over. HRJ apparently owes Silicon Valley Bank a staggering 69 million dollars. Sixty-nine million dollars. I mean, who would’ve thought 3 ex athletes would have no idea what they were doing in the world of private equity and finance? Don’t get mad at me, even actual financial analysts say that what they were doing was pretty dumb.
In the financial equivalent of a Hail Mary pass, HRJ apparently doomed itself by using the firm as collateral on a bridge loan as it was attempting to raise $250 million. It was able to raise only about half that amount — between $110 million and $130 million — yet it had committed the entire $250 million for investments, according to a report from Thomson Reuters.“Yes, that’s just as dumb as it sounds,” wrote Dan Primack, the top private-equity analyst at Thomson Reuters, and founder and editor of the www.pehub.com Web site.
“It’s very hard to kill off a PE firm,” he said. “The significance here to me is that one is actually dying. This is an exceptional case.”
Exceptional indeed. I wonder how some of their well regarded clients like Andre Agassi, Jerry Rice, Tim Duncan or Oscar de la Hoya feel about it? I don’t care how tough Ronnie Lott or Harris Barton were in their prime, I wouldn’t want to be the one to tell Oscar de la Hoya that you just lost a few million of his dollars. Ouch.
Former Baltimore Raven’s Cheerleader Molly Shattuck has decided to use her powers for good instead of evil. She’s a mom, she’s formerly the oldest member of the Ravens cheerleading squad at 38, she’s a rich socialite, she’s hot, she’s climbed Mt. Kilimanjaro and she’s active in public service. Basically, she is one of the greatest people on the planet that should make you take a hard look at your life and realize how little you have done with it. Well, she’s so amazing that she decided to show up on Fox’s television show Secret Millionaire to slum it for a week, find some needy people who deserve a break and then give them one.
In this case, Molly gave out checks of $20,000 each to two different people, a yard full of toys for a bunch of needy kids and a check for $100,000 for a lady who runs a food pantry but her own house is falling apart around her.
Amazing woman huh? This pretty much means her kids will always win the “My Mom is better than your Mom” argument right there. What has your mom done lately? What have YOU done lately? Wait…what the hell have I done lately? I mean i woulda gone and climbed Mt. Kilimanjarp but, ya know, the freakin Redskins started out so well this year, i couldn’t leave and not see their inevitable collapse. Sigh…
From RealityTV Magazine
There is no way in the world that anyone should buy this. An 800 dollar fantasy football trophy for the richest of the fantasy football geeks out there. Its the limited edition fantasy football trophy by Titlecast and they will hand craft you the finest trophy ever made for your meaningless fantasy sports league. They even have a custom made one that spares no expense, so awesome they don’t even have a price quote for it.
Dear God, if anyone actually has one of these for their league, send me a picture of you with it so I can mercilessly mock you on a daily basis.
From Uncrate
I am a huge fan of the Showtime show “Weeds”. Its one damn good witty dramedy type show right there. Its never inspired me to become a purveyor of pot however, but in looking at Corie Blount’s case before a grand jury it seems he might have been into the show more than me. Dude got arrested when police stopped 11 pounds of marijuana from reaching his grandmother’s house and, as a bonus, they found 18 more pounds of weed in his OWN house. I hope for Blount’s sake his grandma isn’t like the weed dealing grandma Heylia on the tv show, because you he wouldn’t ever want to show his face around her house again.
Holy fancy dancin Jesus that is a lot of pot. Sure its not as much as Nate Netwon who got caught with 213lbs of the sacred herb in his car, then a few weeks later got arrested with another 175lbs of the mary jane, but maybe the 3 guns and nearly $30,000 also confiscated will get him a little bit more cred in the American Professional Sports Criminals Club.
Yea i just made that club up. But if that existed, doesn’t Rae Carruth have to be the president?
From Journal News
