“I filed for Chapter Eleven. That’s reorganization. That’s not bankruptcy.” Do you see the distinction? Also, Nails tells CNBC’s Jane Wells, “I’m still making money in the stock market.”
Earlier: Is Jim Cramer Trying To Keep Lenny Dykstra’s Bankrupcty Hush-Hush?
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Look Jane I bought AIG at $1.18 and now its worth $10.50….SUCK IT!
-LD
“Bankruptcy is not a sign of weakness. It is a sign of strength!”
-BHO
Listen to the interview. He promised to pay off all his debtors. Good hitter, though.
The more publicity for Dysktra the better for everyone else. I hope everyone realizes how toxic he is and nobody gets suckered into giving him money in the future.
Delusional, an out of control ego , and now broke. The only value he can provide is allowing us to watch a trainwreck in progress.
“There are a lot of Benjamins to be made right now with the biotech stuff … you know, I don’t have to tell you that … how’s your portfolio?”
LD
wait, ppl gave him money to manage?
Idiot of the year…LD!
“I would have never known how wonderful it is to fly a private jet if I hadn’t tried it out. That’s what I want you to do.” – Lenny D.
Saw Nails take a line drive to the temple and shake it off like nuthin’. That man knows exactly what he’s doin’. Genius.
Life without IBankers.
discuss
http://news.bbc.co.uk/2/hi/uk_news/magazine/8142104.stm
All of Lenny’s idiocy is taking the spotlight away from Greg.
I hear he has a very small penis.
JC
Can we get a traffic report from the LIE?
“Im long a bunch of Bear and Lehman stock, what you think those guys are going anywhere?? Yeah, like there wont be anymore Merrill either. Whos the idiot now huh?”
Lenny D
I’m opening a new line of car washes. stop on by.
-LD
Nails has a point. Texaco went bankrupt too.
Does anyone want some BSC or LEH stock certificates?
LD
At least he struck out swinging.
I like how on the filing he claims less than $50k of assets, yet he says he’s still making money. I guess he not smart enough to know that if he is trying to hide assets he might want to keep his mouth shut.
Anybody want to meet up for some sex in Dewey Beach this weekend?
Plopper Stansburpy
@9 Nailed it!
…in other news, the Pope announced today he was joining the Church of England.
-Irish Guy
Plopper Stansburpy – Yes, I would, but only if you shove up my backside.
LD
I’m not fat…I am just big boned
Did Erin just promise her firstborn to the media CEO who gives her a bona fide green shoot?
Lenny will be converting his 11 to a 7 in all probability.
@25 — she did; I will be volunteering to make sure she has the collateral for that discussion.
“I did not have sexual relations with that woman.”
-B. Clinton
Dear Lenny “Nails Barn Yard Animals” Dykstra,
$50k in assets against $10 million to $50 million in liabilities is what we call in the finance world, overleveraged. In this world, when the bank calls in margin, the fund generally gets liquidated.
In other words, your life is about to become very, very painful. Perhaps it is time to call that number for the truck driving school?
http://www.youtube.com/watch?v=2aIM4idaqRw&feature=related
Lenny took my leftovers.
BernieM
from moneyball:
“Billy [Beane] remembers sitting with Lenny in a Mets dugout watching the opposing pitcher warm up. ‘Lenny says, “So who’s that big dumb ass out there on the hill?” And I say, “Lenny, you’re kidding me, right? That’s Steve Carlton. He’s maybe the greatest left-hander in the history of the game.” Lenny says, “Oh, yeah! I knew that!” He sits there for a minute and says, “So, what’s he got?” And I say, “Lenny, come on. Steve Carlton. He’s got heat and also maybe the nastiest slider ever.” And Lenny sits there for a while longer as if he’s taking that in. Finally he just says, “Shit, I’ll stick him.” I’m sitting there thinking, that’s a magazine cover out there on the hill and all Lenny can think is that he’ll stick him.’”
@31 – If Dykstra had said that in 1972, then I would agree that he certainly was a dumba$$. But he probably made the statement ~1985/1986 when Carlton was being put out to pasture. So Dykstra = cocky rookie.
First sentence of the Wikipedia entry for Chapter 11:
“Chapter 11 is a chapter of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States.”
Also, What #26 Said.
http://www.philly.com/philly/blogs/inq-phillydeals/Dykstras_letter_to_fans_.html
Check out the article in the link above. It’s a great read, including such Dykstra gems as:
“Two of our greatest presidents, Thomas Jefferson (filed several times) and Abraham Lincoln, were able to restructure their lives through bankruptcy and went on to do great things such as helping to establish the University of Virginia and abolishing slavery.”
@1 – vn!
@34 – thanks for sharing. Bess, you should put this up on the front page as well.
I’m thinking, with Lenny’s bankruptcy, foreclosure and divorce he is sounding a lot like the male version of Ruth Madoff. Perhaps those two should bunk together to save money on rent?
sorry Nails, chapter 11 is still bankruptcy.
too bad JC isnt still around to adjudicate this question
@32, that’s a great quote. Steve Carlton, maybe one of the top three post war pitchers (with Seaver and Clemens being the other two) and Nails has never heard of him.
I don’t care if it’s 1986; that’s like someone playing in 1998 not knowing who Nolan Ryan is.
I didn’t file for bankruptcy, I only filed for bankruptcy…
-LD
I might have Alzheimer’s but at least I don’t have Alzheimer’s….
-LD
Only $10K in assets? Me thinks dat Lenny is not counting all the cash he stashed offshore immediately prior to filing Chap 11.
Lenny is his own worst enemy.
XbPB3q Wow, great blog.Really thank you! Fantastic.