Yeah but the cheap owner was smart enough to hire a very good gm who put in a great staff for drafting and developing talent. Where is that in the O's system.
I don't know the particulars. Maybe they saw it coming in 2007 and started preparing then but their down time was in 2008 or something. I trust Scotty D because he was very good running his dealerships. He also bailed about 6 months before the industry crashed. The guy aint stupid.
There is a huge difference between TB and the O's. The Rays have stocked their farm system. They traded guys when they were going to leave via FA to keep the system stocked. The Baltimore system is basically bare.
(this is for Billy)In 2009 a guy Scotty Donahue here in bmore who sold cars forever especially fords was on the Radio one morning. He said that Ford went through the downturn a yr earlier but spotted it before it could wipe them out and mitigated it.
http://finance.yahoo.com/news/explainer-libor-under-microscope-121900005.html Here is another bank screwing us. The banks commit fraud constantly but have yet to be criminally charged. Put the criminals who reside in the banks and huge corporations in prison. http://blogs.citypaper.com/index.php/2012/04/feds-sue-to-keep-south-mountain-creamerys-structured-cash-deposits/ No the feds would rather kill a local small business on BS.
http://current.com/shows/the-young-turks/videos/power-company-doesnt-pay-taxes-but-they-still-want-a-66-million-rate-increase-from-customers Check this out.
Yeah had the govt bailed out the people things would have been better. The banks have sat on the cash. They have gotten $8.4 trillion at about 0% interest. Their profits are something like .5% on that borrowed money. Those 30billion profits are crap compared to what they borrowed.
Oh really. I would also say it is cutting ties with players instead of holding onto them to long. Over the yrs they have both kept their caps in order by jetisoning guys early rather than late.
http://www.rollingstone.com/culture/news/the-sharp-sudden-decline-of-americas-middle-class-20120622 Read about these people. The banks run it into the ground and are saved. They are able to stand on the backs of people like these.