Wednesday, September 2, 2009
Bally's Emerges from Bankruptcy
Crain's reported that Bally's is finally exiting it's bankruptcy. There is a fair amount of Bally's exposure in the CMBS world. Hopefully now they can get back to scamming their clientele by setting them up on monthly "payments" without fully disclosing they are actually extending them a two year credit line - so when they decide they want to become a couch potato again, they'll still be on the hook for thousands of dollars that will impact their credit score and make them more of a degenerate than they already are.