July Low-Content Thread

[ninefingershuffle]

Originally Posted by surfdoc

So what do I do with the 2k check that is sitting on my desk. Ordered before and arrived the day after black friday. I called the bank before trying to deposit it and they said that the funds were no good so now it just sits here. Thoughts?

I doubt money will ever be put back into the exact account that that check weas drawn from.

[ninefingershuffle]

Originally Posted by Joe Tall

NONONONONO. You CANNOT say that, no way, no how, not once, not ever.

FTP was headed off a cliff in the beginning of 2011, black friday or no black friday. The amount seized by the DOJ was payment processor funds that did commit fraud and money laundering. Those funds were a collective of PStars and FTP funds.

And that amount WASNT EVEN CLOSE to gap that Full Tilt was operating under. NOT CLOSE.

Conversely, PokerStars paid back the players right away and moved on, operating a viable business.

Full Tilt, specifically the US CITIZENS that owned and operated Full Tilt Poker, ran an elaborate scheme defrauding millions from poker players throughout the world. Paying out ungodly amounts in 'dividends' to their US CITIZEN share holders that were player funds.

That number you saw in your FTP client that represented your balance? That was FICTION. It did not exist. There was NOTHING behind it.

Players like Phil Ivey and David Bennaymine were able to call up and get 'clicked in' MILLIONS on the cuff, with no contrition.

One day the entire story will be told. I just hope the world is listening.

Sea horses forever,
Joe

This is 100% correct.

[leo doc]

Originally Posted by DougL

We went to my wife's 20th instead of mine (same day and far apart). She thought she'd hate it, but ended up enjoying it.

I'm curious. Did you go to hers because you thought you'd hate yours even more? You know, lesser of two evils kinda thing...

[MacGuyV]

Originally Posted by Captain R

What do you guys think about going to your high school reunion? I have a major one coming up and am on the fence.

Most of the people I was friends with in high school are still my friends (through facebook, e-mail, etc.). I think the trepidation has to do a bit with sometimes memories of things that happened in the past are better than the reality you face in person. I.e., you realize people that you thought were cool are actually douchebags. And the standard feelings of jealousy of people who were more successful, etc.

Maybe I need to re-watch Grosse Pointe Blank to get in the right mindset.

I was in a fairly big class of 400 so there were quite a few former acquaintances I didn't mind catching up with. If you had a small class of like 50 and are still friends with your friends and didn't really like anyone else then ya, I don't really see the point in going.
It does seem like facebook has taken some of the fun out of them, though it's made them a lot easier to organize too.

[leo doc]

Originally Posted by Captain R

I.e., you realize people that you thought were cool are actually douchebags.

I was a lot more concerned that the hotties I dated in high school would want to rekindle a one night romance and I'd have to tell 'em that I don't do fat girls.

[The DaveR]

Originally Posted by pig4bill

They may have been technically insolvent, but they weren't practically insolvent. The Feds seized millions from FT's affiliated banks. Had they not done that, the 2 grand would have been paid out.

What's the difference? If you technically can't access funds that's still insolvent. This distinction is retarded, and it's the excuse every overleveraged institution gives as they get blamed for being insolvent. "Just you wait; these trades will make money" is no different from the FTP excuse, except that FTP was also breaking the law by a conventional definition (and apparently inducing a bank to break the law via money laundering in the post 9/11 world--lol--if only you guys knew how insane scrutiny around anti-money laundering compliance is in a bank).

Re: reunion. I went to my 10 year and it was interesting. 20 year, if it happens, is next year and I might go. I keep in touch with one person from HS and even that is sporadic. But it was definitely entertaining to have my curiosity satisfied but I'm not on Facebook so I'm totally I'm the dark wrt to everyone in my hometown.

[OaklandExCourier]

Originally Posted by leo doc

I was a lot more concerned that the hotties I dated in high school would want to rekindle a one night romance and I'd have to tell 'em that I don't do fat girls.