1.) Maybe it just makes him feel good. Its his money and he can do what he pleases with it...lord forbid that be something that pleases him. Either way, we are certainly not entitled to an explanation on how he spends his winnings any more than he's entitled to an explanation as to how you spend your paycheck.

2.) I'm going to a bank foreclosure auction, before I make my final decision I would like the previous owner to pay me everything the owe on it that caused it to go into forclosure. While I'm deciding on that house, I'd also like to get the rest of the money owed on other houses that weren't in default underwritten by the now defunct bank whose assets are being auctioned by the FDIC. If I can buy the whole ball of wax after depositing all those proceeds for a penny on the dollar when I know its going to go for at least twice that much, I'll actually consumate the deal. Otherwise, well, at least I'll have all that extra cash now. The people who were foreclosed on really won't suffer any extra as they were all ready screwed anyway. Too bad for the ones that weren't risky loans though I guess seeing as now that cash is out the window also.

In other words, it would be like sending your loan payment due to Wachovia to Chase or Wells...or in this case, a better example would be B of A; cept'in of course BoA has a much better reputation apparently than FT's prospective buyer lmfao. Why in the world would he send someone he doesn't owe money to someone else's receivables he's responsible for?

o thx bro

Id just like to say thanks to Barry for his public explanation here... He didn't owe any of us anything no matter how much you all feel entitled too. Ya ft situation is crap and we all have heard what we believe to be true..

The accusations everyone are making are just as lame as the people who follow Lindsey's coke habits and talk about how slutty she is and how it's the end of the world... When in reality there all a bunch of coke head sluts themselves.

Stop pointing fingers even if Barry walked to FTP handed them 400k right now we wouldn't get our money any faster he is right to wait the only person he owes an answer too is the Doj as I'm sure his attorney advised.

For my last rant if your house loan from boa was still about 400 k and they got closed by the Doj wouldn't you wait for a response from them too no matter who else was screwed bank funds???

barry is a smart man

I think this situation is different. If you owe a home invasion robbery guy money that he loaned to you after he stole it, you don't pay him back, you pay the victim of the crime.

He is willing to pay as long the money goes back to paying players. Why would he pay a new company that didnt loan him the money? There is the possibility if he pays the new ownership will pocket the money and run with it. Besides, BG is the only player to publicly adress this issue.

no, he isn't

imo barry should just sign a contract that he will pay when the deal comes through and just pay the new mgmt since they bought full tilt's balance sheet. The money borrowed came from US players and the rest of the worldso he owes all of them not just us.

If someone legally buys your debt then you pay that person. What is the issue?

Furthermore I don't see the thinking behind conditioning repayment of a debt on certain unrelated actions of the creditor. You can't borrow money and then say you will only pay it back if the person or institution does XYZ.

Can I tell my bank I will only repay my mortgage if they divest from the Saudi family?

The answer is no, I cannot. If I borrowed money from Charles Manson I would have to pay that money back to Charles Manson, not his victims.

this x1000, hard to understand how a guy like Barry Greenstein can have such a noob/incorrect view of how to handle this situation tbh.

If someone legally buys your debt then you pay that person. What is the issue?


Was there an announcement that the sale is completed? or are they still thinking about it?

i doubt barrys $400k will make a great difference, its only to make sure his name in the poker world is not dragged into anything FT related.

Some of you guys amaze me.

If Tapie bought the entire company with assets and debts, of course I would owe them, but that's not what they're doing. The DOJ essentially owns FTP, so I contacted them and asked what I should do. They said I could pay them and the money would go towards fines levied against FTP. I asked whether we could start a fund to pay the players instead. I told them that if they get a bunch of money but the players don't get paid, it's going to be a big public relations problem for them.

They gave me the impression that a fund was possible if the players don't get paid through the sale, after the case was resolved. In no way did the person I talked to think this money was Tapie's or part of the sale.

yeah me too. You're done more than enough on here to explain your position, something none of us are either entitled to or indeed have any justification whatsoever to opine over.

The facts are pretty simple here so I'd just like to thank you for coming on here and talking about personal arrangements as a show of solidarity by being upfront and showing support to those of us who feel aggrieved still. I lost a few hundred on FTP which is neither here nor there to most(although it's enough that I felt it), but I don't have the slightest ill will towards you over your decision to act this way - it makes perfect sense IMO. Personally I'd have been a lot more flippant with them in your position.

Now that the GBT deal is off can people understand why it wasn't a great idea for Barry to just write them a check for money he never actually owed to them?!?!