Bernie Kosar: 'I'm 45 and ... an Idiot'

Too bad he got mixed up with an abusive wife who was some kind of feminist cult member.

yea great point normal half intelligent people would not piss off millions

He may have squandered his fortune...but he did it honorably! He has put hundreds of kids through college and has loaned money to other ex-NFLers who were down on their luck. He estimated just those 2 reasons have cost him over 20 million...money he freely admits that he never expects to see again! Yes, he made bad business decisions but to say he just "blew" his money is belittling his altruistic nature! He never had a "stable" of rare vintage autos, he never had a posse of hangers on that he sustained, and he never paid people off to hide some terrible indiscretion. I am very poor myself...driving a 20 year old car I don't even have enough money to put gas in, BUT I don't begrudge Bernie one bit. Bernie has done great things for the world around him and as far as I am concerned, had I some cash to give to him, I would leave it on his doorstep...no questions asked!

unemployment is at a 25 year high at 9.5% and climbing and bush ain't in office, our deficit is the greatest in history thanks to obama's stimulus packages...and out economy is still in the toilet...because the stimulus didn't stimulate, it was just reckless spending. our tax bill amounts to $35,000 for every man, woman, and child and kids don't work. how's that hope and change working for ya?

I agree that this article has very little to do with politics and should not have been mentioned. Of course, people responded bashing Obama with outragious statistical claims and I felt the need to respond.

The unemployment rate was high while Bush was still in office and I wholly believe he is accountable for the economic downturn. If you are going to say that Obama is a bad president because the unemployment rate is high during his first 3-4 months in office, that I am going to go ahead and say Reagan was a horrible president because inflation and unemployment were high in 1981 (I'll probably be shot by some crazy republican activist just for saying that). And I don't know what your salary is, but I certainly don't pay $35,000 in taxes per year and no one else I know pays that much either. If you are paying that much, perhaps you are very well off and can probably afford it.

Now just so it looks like this comment is related to the article, I don't think he was an idiot for investing his money, but he maybe should have invest some of it in less risky markets.

If Bush was really the problem, then they wouldn't be in that situation now, would they? In case you haven't noticed, he's no longer in office. I'm still waiting for Obamas "change" to happen. Not holding my breath for it though.

well,he didn't kill,didn't rape or raise fighting dogs. actually, Bernie lived a very clean life and thats why bad things happen to good people!

News Flash- If the NFL players had just put their money in straight across the board DOW stocks with no money manager involved(this goes for anyone), they would have made money, even with the down market. When will people learn, the market by itself allways out performs investment managers. It's proven. YOu don't need to pay someone to invest your money. Money manageres, especially the day trader type, are who helped screw up this market by creating derivitives to sell to folks like Bernie and you! You don't need to hand someone your money to lose it. All those guys are doing is slow speed gambling. Go to Vegas adn enjoy losing it.

Why should the league hire advisors and teachers for these guys? They are, or could have been, college graduates. College athletes should take more courses than just phys ed. Take advantage of that scholarship and free education.

Steve, the problem with hiring good investment people is that there aren't many worth anything, and the overwhelming numbers of Wall Street are so money oriented and selfish, they would just as soon steal their clients money as not. I was a NY broker for 2 years and left with my earnings and a sick stomach. Sick from what the system does to investors who don't have personal contacts protecting them. When I left I called all my clients, told them I was leaving, and told them to get out. The ones that did I advised to go safe and they are ok. The ones that didn't, and thought that I was foolishly overprotective lost it all. Its time that people learn that the game is rigged, and that the big time Streeters laugh at those at whose expense they got rich. AIG, Morgan Stanley, these are not anomolies, they are the rule. Capitalists believe that the strong succeed and are entitled to their success, they eat their children.