Comments on: Jim McMahon faces lawsuit from failed bank loans

By: grizzlott

grizzlott — Tue, 10 Apr 2012 15:28:22 +0000

OH NO……..the poor bank! Let’s make sure they don’t have any losses at all. Let’s bail them out, again.

By: thereisalwaysnextyear

thereisalwaysnextyear — Tue, 10 Apr 2012 11:34:14 +0000

“The biggest question raised by the lawsuit is this: Why in the hell would anyone make Jim McMahon a bank director?”

To try and attract capital with celebrity.
Cut the guy some slack, based on his comments he probably forgot the meetings due to his concussions

By: qdog112

qdog112 — Tue, 10 Apr 2012 11:19:01 +0000

Making Jim a director would be like making George Bush president, oh wait.

The results were the equivalent.

By: jacobslatter

jacobslatter — Tue, 10 Apr 2012 02:06:40 +0000

Christian Laettner and The Rocket Ismael laugh at this guys lack of business savvy.

By: rcali

rcali — Tue, 10 Apr 2012 01:07:36 +0000

I kind of find it hard these days to think he did worse than most of the top bank board members.

By: sterilizecromartie

sterilizecromartie — Mon, 09 Apr 2012 23:22:07 +0000

The biggest question raised by the lawsuit is this: Why in the hell would anyone make Jim McMahon a bank director?
————-
True… probably not the best decision. But, a big part of a director’s responsibilities is to use your connections to bring business into a bank. I’d say a nationally known, Super-Bowl winning QB would have quite a network to bring new customers to the bank. And I am sure the other members on that Board were approving the same loans. It’s not like McMahon was making all these decisions himself.

By: gotampabay52

gotampabay52 — Mon, 09 Apr 2012 23:14:17 +0000

DAaaaaaa Bears

By: bearsfan4life

bearsfan4life — Mon, 09 Apr 2012 23:03:36 +0000

Note to Jim, legally change your name Jon Corzine.

Then you can steal $1,200,000,000+ and you can walk.

By: clemenza58

clemenza58 — Mon, 09 Apr 2012 22:43:26 +0000

Maybe Jimmy Mac will blame the NFL for this too. I don’t know who’s dumber, McMahon or the people that put him on the board of directors. This guy was a scum bag when he played and he’s a scum bag now. This couldn’t have happened to a nicer guy.

By: 5niner

5niner — Mon, 09 Apr 2012 22:13:53 +0000

That’s what happens when you mess with the commish, he calls in favors with buddies at the FDIC.

By: jluns275

jluns275 — Mon, 09 Apr 2012 22:04:24 +0000

Glad I never let my money go to that bank. Guy has always been a bit of a fruitcake

By: txxxchief

txxxchief — Mon, 09 Apr 2012 22:02:46 +0000

Apparently, the other members of the board had a bunch of concussions too!

By: rdrs68

rdrs68 — Mon, 09 Apr 2012 22:01:05 +0000

How does someone with scrambled brains get to be on the board of directors on any business? He would have been a poor choice without his well know disabilities and lack of business experience.

By: east96st

east96st — Mon, 09 Apr 2012 21:51:24 +0000

“NFL players need a refresher course in personal accountability.”

Shouldn’t the dolt that thought hiring a NFL QB to approve bank loans take some responsibility here? Honestly, who couldn’t see a train wreck coming if you give an ex-player carte blanche to approve bank loans? Because nothing prepares you to judge who can pay the bank back and who can’t like playing in the NFL. That’s what the league is known for, right?

By: jimmysee

jimmysee — Mon, 09 Apr 2012 21:47:34 +0000

Being a director of a company is not an honorary position. It comes with responsibilities and should not be accepted for prestige or on a whim.

And always be sure the entity has directors and officers liability insurance.

You might need it!

By: medtxpack

medtxpack — Mon, 09 Apr 2012 21:10:20 +0000

no wonder he is sueing the NFL!

By: mjkelly77

mjkelly77 — Mon, 09 Apr 2012 21:04:02 +0000

Many years ago I was employed as a Bank Examiner for the FDIC. It’s outrageous who is allowed to sit on Boards of Directors. So many members had no idea as to the daily operations of a bank nor any concept of loan or investment portfolios. Many served just for the fee or the notoriety. I’m sure that Jim McMahon fit that category.

By: hailskins4life

hailskins4life — Mon, 09 Apr 2012 21:03:49 +0000

The Human Torch was denied a bank loan.

By: mjkelly77

mjkelly77 — Mon, 09 Apr 2012 20:58:09 +0000

Just another thing he’ll blame the NFL for.

By: thankheavenfornumberseven

thankheavenfornumberseven — Mon, 09 Apr 2012 20:54:19 +0000

Are you sure we’re talking about THAT Jim McMahon?

By: keirster

keirster — Mon, 09 Apr 2012 20:51:07 +0000

OK Florio, gotta give credit when due…you made me laugh out loud in my office with that last sentence!

By: bchapman2011

bchapman2011 — Mon, 09 Apr 2012 20:49:34 +0000

This is probably the NFL’s fault right Jim? Had you not played in the NFL and got a concusion you would not have approved these loans right?

NFL players need a refresher course in personal accountability.

By: rajbais

rajbais — Mon, 09 Apr 2012 20:46:06 +0000

If the bank was in Chicago, then I’m not surprised.

I’m from that city and I think that our fans aren’t too sycophantic for the Bears to the point where our history is apparently better than the Raiders. At least they threw the ball!!!! They had George Blanda in his better years; we had him when he was interception-prone!!!!

Chicago sports fans, the dumbest and most unrealistic in America!!!!

By: cobrala2

cobrala2 — Mon, 09 Apr 2012 20:46:02 +0000

Reading these comments I apparently am clueless: I thought it was a prerequisite to be a moron in banking! Boy, was I wrong!

By: vtmem

vtmem — Mon, 09 Apr 2012 20:45:18 +0000

Another reason why players need help with their finances. NFLPA WAKE UP. AGENTS WAKE UP.

By: nflofficeadmin

nflofficeadmin — Mon, 09 Apr 2012 20:43:36 +0000

I can’t believe this guy still has his nose.

By: rc33

rc33 — Mon, 09 Apr 2012 20:41:56 +0000

Judge: “would you please remove your sunglasses in the courtroom, Mr. McMahon.”

Guy’s a phony and always has been.

By: chawk12thman

chawk12thman — Mon, 09 Apr 2012 20:36:24 +0000

Bank Director due to initial $ in the bank? Can’t think of any other plausible answer; and not one that makes sense in the business world, either.

By: saintsfan1111

saintsfan1111 — Mon, 09 Apr 2012 20:35:17 +0000

Idiotic Bears fans perhaps?

By: duanethomas

duanethomas — Mon, 09 Apr 2012 20:32:01 +0000

Attorney for FDIC: “Mr McMahon why did you approve over 100 million dollars in bad loans sir”

Jim McMahon ” I don’t recall as I suffer from memory loss due to multiple concussions I suffered as a NFL player”

Judge: “Mr McMahon you may step down”