Not content to let the inconvenience of the real world interfere with their high flight lifestyle, a group of enterprising young members of DePauw University's Beta Theta Pi chapter have filed for Chapter 11 bankruptcy. Yes, it probably it has a little to do with not wanting their asses foreclosed over the matter of a $1 million owed to Lehman Brothers from a 1999 loan. But it also has a lot to do with the immediate short-term benefits of not having to make payments and instead putting that money toward whatever the toilet water beer of choice is in Indiana. "Rather than just pouring every bit of income the house gets into the mortgage, we're working on renegotiating the mortgage with the bank," said president Greg Giometti. Provided the house isn't a shelter for infidels to refer to beirut as beer pong, we're all for it.
Beta Files For Chapter 11 Bankruptcy [The DePauw]
These Greeks are bankruptcy geeks [The Deal]
Posted by Anal_yst , Sep 03, 2008 4:55PM
spot on champ. It'd be amazing if LEH cited this as the proverbial straw that broke the camel's back too haha
Posted by guest , Sep 03, 2008 5:08PM
Wow, one would think Bess had a bad experience at a frat party based on the disdain in this post. However, I don't think Amherst College had frats.
Posted by guest , Sep 03, 2008 5:09PM
leaves more cash for mayo
Posted by guest , Sep 03, 2008 5:14PM
@2--why? most people (fraternity members included) would agree the beer of choice is generally low grade. and the headline is 'genius.'
Posted by guest , Sep 03, 2008 5:18PM
Bess definitely went to college in the Northeast. That's the only part of the country where they call beer pong - Beirut.
TOGFD: Been there....done that.Bitches.
Posted by guest , Sep 03, 2008 5:18PM
Classic blame laying!!!! Blaming it on prior leadership! Those guys are going places, yes sir!!!
Posted by guest , Sep 03, 2008 5:25PM
They are going somewhere... to Lehman Brothers when they graduate...
Posted by gatekeeper , Sep 03, 2008 5:28PM
it's called beer pong!
Posted by guest , Sep 03, 2008 5:42PM
This is where the $$$ went: http://www.princetonreview.com/schoollist.aspx?type=r&id=721&uidbadge=%07?RDN=1
Posted by guest , Sep 03, 2008 6:42PM
oh to go to school at DePauw: shotgun 9 brewskis, stop on by at the FIJI house and hit on some fat chicks, go back to the dorm and crank some Foghat, order a 'za. Wake up and declare BK. bitchin'
Posted by guest , Sep 03, 2008 7:53PM
@ #5 false! In NC its beiruit no question
Posted by guest , Sep 03, 2008 8:49PM
@3 fuck you, you dick loving fuck
el stupido
Posted by trojan , Sep 03, 2008 9:13PM
@8
its beirut dumbass. beer pong was invented at dartmouth and uses ppng paddles without handles.
Posted by Lowly Assistant , Sep 03, 2008 10:41PM
Agree with 13.
Only some asshole pumped up on beat poetry could invent something so asinine, yet far-reaching. I hope SARS is passed through each bar on upper 2nd ave. Hi-yah.
Posted by merkin capital partners , Sep 03, 2008 11:26PM
beirut? ugh... smite your yankee tongue
Posted by Anal_yst , Sep 03, 2008 11:56PM
Beirut is a city in lebanon, not a drinking game. End of story.
Posted by guest , Sep 04, 2008 9:42AM
It's called "pong," idiots. The word "beirut" went out about 10 years ago with the lower-class state schoolers. Get yourselves a paddle and stroll over to Hanover for a gentleman's match.
Posted by guest , Sep 04, 2008 10:03AM
@12 you angry weirdo fuck you why does Mayonnaise instill such anger CUNTO!!
Posted by guest , Sep 04, 2008 12:53PM
The original name was "Bomb Beirut" I would ask you PC babies to stop cutting the name down or calling it Beer Pong.
The blatant attempts to change the noble warlike origins of the name are of a piece with lefty attempts to change our national anthem to something like "America the Beautiful." Our national anthem has a melody that was stolen from a British tavern song, and lyrics that were derived during battle and are about battle. Basically, our national anthem is about drinking and fighting. I would not have our nation change our national identifying song to some fruity song about purple skies and amber grain. We're not Canada, after all.
So stop redacting the name of one of our most beloved drinking games.
BTW, "Quarters" used to be called "Sniper Shots to the Head" before the pinkos got a hold of it. True story.
Posted by guest , Sep 04, 2008 3:52PM
So who was the git (and, presumably, alumni brother from the Great State [of Mindlessness] of Greencastle) at Lehmann who arranged this Ponzi scheme? And is he still employed there?
Posted by guest , Sep 05, 2008 2:12PM
Bess, are you seriously criticizing these kids for not being able to pay back a loan that was taken out when most of them were between the ages of 10 and 12? Seriously?
Posted by guest , Sep 05, 2008 2:13PM
Bess, are you seriously criticizing these kids for not being able to pay back a loan that was taken out when most of them were between the ages of 10 and 12? Seriously?
Posted by guest , Sep 05, 2008 2:13PM
Bess, are you seriously criticizing these kids for not being able to pay back a loan that was taken out when most of them were between the ages of 10 and 12? Seriously?
Posted by guest , Sep 05, 2008 2:15PM
@23- read the last line, idiot.
Posted by guest , Sep 05, 2008 3:03PM
i am a graduate of DePauw, and a former Beta.
go get em kids!!!
Posted by guest , Sep 05, 2008 3:04PM
i am a graduate of DePauw, and a former Beta.
go get em kids!!!