08-21-2007, 08:03 AM
|
 |
Everything we do is dictated by motive
|
|
|
|
Join Date: Apr 2004
Posts: 31,187
Points: 247,942.36
Bank: 15,249.73
Total Points: 263,192.09
|
|
ABJ
Quote:
No link between Cavs, banking
Quicken Loans owner separates mortgage woes from team payroll plans
By Brian Windhorst Beacon Journal sportswriter
Published on Tuesday, Aug 21, 2007
CLEVELAND: The Cavaliers have yet to make a free-agent signing this offseason.
The mortgage industry is suffering an unprecedented crisis with a credit crunch and skyrocketing foreclosure rates, directly affecting the bottom line of giants like Quicken Loans, the primary company of Cavs owner Dan Gilbert.
These two statements are facts, but they are not related. That's something that comes from Gilbert himself.
''There is zero connection between any current events in the mortgage markets with the strategy, tactics and payroll of the Cleveland Cavaliers,'' Gilbert said in an e-mail message Monday.
Continued.....
|
|