miff Wrote:
-------------------------------------------------------
> So Cal,
>
> From the beginning this has been nothing more than
> a money grab by Cuomo who was not prepared by bail
> NYRA out ever again.NYRA now like Motor Vehicle
> Dept, a NY State Agency.Even the powerful upstate
> racing lobby not getting any sugar from Cuomo.
>
> Genting(Owns Aqueduct slot joint) has lawyers and
> lobbyists all over Albany trying to see where they
> stand if Casinos pass the referendum in NY later
> this year.Genting probably gets a square deal in
> the end,NY racing future VERY unclear and could
> end up somewhat the sacrificial lamb.
>
> Lawyers salivating!
>
> Mike


But it seems to me that either (a) the NYRA made a deal which the State is now going back on and there should be something like a serious breach of contract claim or (b) the NYRA did not make a deal in which case the NYRA board that decided to allow this to happen without making a deal should be subject to a serious malfeasance lawsuit..I do not know how much the Enron Directors and Officers insurance paid out....but if board members are complicit in the destruction of a business they are suppose to be safeguarding there should be serious ramifications.

The NYRA was not like the DMV, it was not a government function for safeguarding the public welfare, the NYRA was always supposed to be a business. That is what the Cuomo reps are even saying today...it needs to be run like a business.....well, if they take their own medicine, they should know a business would have only allowed the casino in exchange for the revenue, so they should be fine with observing a normal bargained-for-exchange that happens in the business world all the time.

What are they saying? It was not a business when they sold out the guts of it, but now that it is left with huge liabilities and little assets it needs to run like a business? That is pure unadulterated Lewis Carroll.