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March 4, 2009

Orioles: Stanford Financial update

Orioles prospect Jake Arrieta said this morning that he's still confident he'll get his money out of the Stanford Financial system.

"We're just waiting,'' he said, "but I think it will be okay."

Arrieta is among the Scott Boras clients who had their assets impacted by the Stanford Financial Group scandal, but he claims he isn't in the same situation as some players who have had trouble paying their bills while their assets are frozen and may be in danger of losing all the money they invested.

Of course, the situation is so murky that it's hard to tell what's going to happen. Don't know how confident anyone can be of getting paid back at this point.

Posted by Peter Schmuck at 9:20 AM | | Comments (2)
Categories: Just baseball
        

Comments

I'm sure they'll all be able to negotiate a deal with Scott so that he can loan them some money. Such a deal, though, may take some time...and money...to negotiate.

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About Peter Schmuck
Peter Schmuck wants you to know that, contrary to popular belief, he is more than just a bon vivant, raconteur and collector of blousy flowered shirts. He is a semi-respected journalist who has covered virtually every sport -- except luge, of course – and tackled issues that transcend the mere games people play. If that isn’t enough to qualify him to provide witty, wide-ranging commentary on the sports world ... and the rest of the world, for that matter ... he is an avid reader of history, biography and the classics, as well as a charming blowhard who pops off on both sports and politics on WBAL Radio. That means you can expect a little of everything in The Schmuck Stops Here, but the major focus will be keeping you up to the minute on Baltimore’s major sports teams and themes, whether it’s throwing up the Orioles lineup the minute it’s announced or updating you on the latest sprained ankle in Owings Mills. Oh, and by the way, that’s Mr. Schmuck to you.

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