Former Eagles quarterback Vince Young has proven himself to be a strong contender to replace outgoing Federal Reserve Chairman Ben Bernanke next year. His money management skills are certainly as creative as Bennie’s. When Vince wants to throw himself a birthday party and he has already spent the entire $26 million he earned in the prior three years, he just borrows $300,000 to get the party started. Bennie ran out of money in 2009, so he just borrowed $2 trillion from unborn generations and threw a party for his Wall Street niggas. Bennie’s party is still ongoing. Vince is bankrupt and out of football. This is a match made in heaven. Vince knows how to borrow and he throws awesome parties.
Vince will have to contend with Alan Iverson for this prestigiuos role. Alan managed to blow through $100 million in about 5 years. Ben has some mighty big shoes to fill.
Vince Young Throws Himself A $300K Birthday Party
Style Magazine Newswire | 2/13/2013, 9:08 a.m.
According to the Associated Press, the former financial adviser for ex-NFL quarterback Vince Young says he arranged a seven-figure loan for Young during the 2011 lockout because the player wanted to throw himself a $300,000 birthday party even though he was running low on funds.
Ronnie Peoples of Raleigh, N.C., said under oath during a videotaped deposition last month he contacted New York-based Pro Player Funding LLC about the loan after being informed that Young had already paid for the party.
Young, who once had a $26 million NFL contract, is currently fighting a $1.7 million judgement against him. It is clear that Vince Young mismanages money and needs to look into measures to control his spending.
Adviser: Vince Young got a loan to throw himself a $300,000 party
Ronnie Peoples, president and CEO of Peoples Financial Service Inc., said in a deposition that between the end of the 2010 season and the start of the 2011 season, Young decided that he had to have a huge 28th birthday bash. And when Peoples told Young that he didn’t have the money, Young instructed Peoples to place a phone call to take out a loan.
“I think we still would have been OK to go ahead and survive until the next season, but he had a birthday event coming up that he paid 300 and some thousand dollars for,” Peoples testified. “That’s what prompted that call.”
Young’s lawyer disputes Peoples’s accounting of the situation and accuses Peoples of mismanaging Young’s money. Young is openly lobbying for another shot in the NFL, but so far has found no takers.