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TAMPA — So you’re a young quarterback, and you want to go to the Hall of Fame?

Here’s the path beaten for you:

Get drafted, work your way in a position to start and then lead the team for more than a decade. Win Super Bowl(s), set records, book trip to Canton, Ohio.

Tom Brady? Check.

Peyton Manning? Check.

Ben Roethlisberger? Check back, but he’s doing about 100 mph on that road right now.

And then you have Kurt Warner. He was undrafted, he was dumped by the Packers, he had to pass through the Arena League and NFL Europe to get back to the big stage, and that was just before his first incarnation as superstar quarterback.

His story might be a great one — from the HyVee in Cedar Falls, Iowa, to the heights of NFL — but it’s not easy to find peers to Warner’s accomplishments. The manner they’ve come in is just that unusual.

If you skim off the top, you’d conclude he should be in the Hall of Fame. He has two league MVPs and guided two bottom-feeders to three Super Bowl appearances, winning one with a chance at a second ring with a second team Sunday. He is 8-2 in playoff games, giving him a winning percentage that rivals the two greatest of alltime — Bart Starr (9-1, .900) and Brady (14-3, .824).

Warner also has completed 65.4 percent of his passes over his career. His career passer rating is 93.8, fourth all-time, just above Brady’s. Warner has thrown for 182 touchdowns, 17 more than Troy Aikman, 22 more than Joe Theismann, 29 more than Roger Staubach and 30 more than Starr.

And Hall of Fame voters, who take championships seriously when considering a quarterback’s candidacy, could be sold by the result of Sunday’s game vs. Pittsburgh. Some guys in the league, truth be told, already are.

“He’s a Hall of Fame player, no question about it,” said Pittsburgh defensive coordinator Dick LeBeau. “He throws the prettiest pass of anybody I’ve ever seen. And his accuracy, he would compete with any and compare with any of the great quarterbacks that were noted for putting the ball in the right spot at the right time.

“And Kurt’s story is a special story, too. He’s a Hall of Fame quarterback, easy, for me.”

But maybe not so much for everyone else.

The trouble with Warner is the majority of his accomplishments came in three seasons spread out over a 10-year period. In those years — 1999, 2001 and 2008 — he started 16 games. But in zero of the other seven years did Warner start more than 11 games, and there’s a fairly large period, from 2002-06, in which he looked more like Danny Kanell than Danny Marino.

“The thing you have to look at when you look at Hall of Famers is their body of work over the course of their whole career,” said Hall of Fame quarterback Warren Moon, who took his own winding road, through Canada of all places, to induction. “Consistency has a lot to do with it. Kurt had some great, great years with St. Louis, those first three or four years, then he all of a sudden fell off the map.

“But he’s back out of it again, and I think there’s something to be said about that.” Moon cited the Hall of Fame cases of Gale Sayers (successful) and Terrell Davis (unsuccessful) for the sake of comparison. Both had electric starts to their careers, then fell off a cliff.

Dallas Morning News football columnist Rick Gosselin, a Hall voter since the 1980s and recipient of the HOF’s McCann Award, evoked the name of John Henry Johnson, who was inducted in his 16th year of eligibility and ninth year as a finalist.

Johnson was a fairly good player early in his career but posted his best seasons in his ninth and 11th seasons, as a 33- and 35-yearold running back. Like Warner now, Johnson was with his third team by then, playing for the Steelers after starting his career with the 49ers and then going to the Lions.

Maybe it boils down, in the end, to what voters remember most.

With Johnson, the voters remembered how he flourished at an age when running backs rarely do, rather than how he flummoxed through his 20s.

So do you remember the Warner of ’99, ’01 and ’08, years he carried teams to Super Bowls and compiled this cumulative stat line: 1,101-of-1,643 for 13,766 yards, 107 touchdowns, 49 interceptions and a 102.1 passer rating?

Or do you better recall Warner’s other seven years, when he completed 1,226-of-1,914 passes for 14,825 yards, 75 touchdowns, 65 interceptions and an 86.6 passer rating?

And if you take both into account, how do you balance it?

Ask Warner’s favorite receiver, Larry Fitzgerald, and he says, “No question. To be able to lead two teams to a Super Bowl, you look at his numbers: His accomplishments are phenomenal. He just deserves to be in.”

If only it were that simple.

Staff writer Albert Breer covers the NFL for Sporting News. E-mail him at abreer@sportingnews.com.

Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits in the calendar year 2007, an Associated Press analysis reveals.

The rewards came even at banks where poor results last year foretold the economic crisis that sent them to Washington for a government rescue. Some trimmed their executive compensation due to lagging bank performance, but still forked over multimillion-dollar executive pay packages.

Benefits included cash bonuses, stock options, personal use of company jets and chauffeurs, home security, country club memberships and professional money management, the AP review of federal securities documents found.

The total amount given to nearly 600 executives would cover bailout costs for 53 of the 116 banks that have so far accepted tax dollars to boost their bottom lines.

Rep. Barney Frank, chairman of the House Financial Services committee and a long-standing critic of executive largesse, said the bonuses tallied by the AP review amount to a bribe "to get them to do the jobs for which they are well paid in the first place.

"Most of us sign on to do jobs and we do them best we can," said Frank, a Massachusetts Democrat. "We're told that some of the most highly paid people in executive positions are different. They need extra money to be motivated!"

The AP compiled total compensation based on annual reports that the banks file with the Securities and Exchange Commission. The 116 banks have so far received $188 billion in taxpayer help. Among the findings:

_The average paid to each of the banks' top executives was $2.6 million in salary, bonuses and benefits.

_Lloyd Blankfein, president and chief executive officer of Goldman Sachs, took home nearly $54 million in compensation last year. The company's top five executives received a total of $242 million.

This year, Goldman will forgo cash and stock bonuses for its seven top-paid executives. They will work for their base salaries of $600,000, the company said. Facing increasing concern by its own shareholders on executive payments, the company described its pay plan last spring as essential to retain and motivate executives "whose efforts and judgments are vital to our continued success, by setting their compensation at appropriate and competitive levels." Goldman spokesman Ed Canaday declined to comment beyond that written report.

The New York-based company on Dec. 16 reported its first quarterly loss since it went public in 1999. It received $10 billion in taxpayer money on Oct. 28.

_Even where banks cut back on pay, some executives were left with seven- or eight-figure compensation that most people can only dream about. Richard D. Fairbank, the chairman of Capital One Financial Corp., took a $1 million hit in compensation after his company had a disappointing year, but still got $17 million in stock options. The McLean, Va.-based company received $3.56 billion in bailout money on Nov. 14.

_John A. Thain, chief executive officer of Merrill Lynch, topped all corporate bank bosses with $83 million in earnings last year. Thain, a former chief operating officer for Goldman Sachs, took the reins of the company in December 2007, avoiding the blame for a year in which Merrill lost $7.8 billion. Since he began work late in the year, he earned $57,692 in salary, a $15 million signing bonus and an additional $68 million in stock options.

Like Goldman, Merrill got $10 billion from taxpayers on Oct. 28.

The AP review comes amid sharp questions about the banks' commitment to the goals of the Troubled Assets Relief Program (TARP), a law designed to buy bad mortgages and other troubled assets. Last month, the Bush administration changed the program's goals, instructing the Treasury Department to pump tax dollars directly into banks in a bid to prevent wholesale economic collapse.

The program set restrictions on some executive compensation for participating banks, but did not limit salaries and bonuses unless they had the effect of encouraging excessive risk to the institution. Banks were barred from giving golden parachutes to departing executives and deducting some executive pay for tax purposes.

Banks that got bailout funds also paid out millions for home security systems, private chauffeured cars, and club dues. Some banks even paid for financial advisers. Wells Fargo of San Francisco, which took $25 billion in taxpayer bailout money, gave its top executives up to $20,000 each to pay personal financial planners.

At Bank of New York Mellon Corp., chief executive Robert P. Kelly's stipend for financial planning services came to $66,748, on top of his $975,000 salary and $7.5 million bonus. His car and driver cost $178,879. Kelly also received $846,000 in relocation expenses, including help selling his home in Pittsburgh and purchasing one in Manhattan, the company said.

Goldman Sachs' tab for leased cars and drivers ran as high as $233,000 per executive. The firm told its shareholders this year that financial counseling and chauffeurs are important in giving executives more time to focus on their jobs.

JPMorgan Chase chairman James Dimon ran up a $211,182 private jet travel tab last year when his family lived in Chicago and he was commuting to New York. The company got $25 billion in bailout funds.

Banks cite security to justify personal use of company aircraft for some executives. But Rep. Brad Sherman, D-Calif., questioned that rationale, saying executives visit many locations more vulnerable than the nation's security-conscious commercial air terminals.

Sherman, a member of the House Financial Services Committee, said pay excesses undermine development of good bank economic policies and promote an escalating pay spiral among competing financial institutions _ something particularly hard to take when banks then ask for rescue money.

He wants them to come before Congress, like the automakers did, and spell out their spending plans for bailout funds.

"The tougher we are on the executives that come to Washington, the fewer will come for a bailout," he said.

From Wikipedia, the free encyclopedia

1920 police mugshot of Charles Ponzi

A Ponzi scheme is a fraudulent investment operation that involves paying abnormally high returns to investors out of the money paid in by subsequent investors, rather than from the profit from any real business. It is named after Charles Ponzi.^[1] A Ponzi scheme has similarities with a pyramid scheme though the two types of fraud are different.

It usually offers abnormally high short-term returns in order to entice new investors. The perpetuation of the high returns that a Ponzi scheme advertises (and pays) requires an ever-increasing flow of money from investors in order to keep the scheme going.

The system is destined to collapse because there are little or no underlying earnings from the money received by the promoter. However, the scheme is often interrupted by legal authorities before it collapses, because a Ponzi scheme is suspected and/or because the promoter is selling unregistered securities. As more investors become involved, the likelihood of the scheme coming to the attention of authorities increases.

The scheme is named after Charles Ponzi, who became notorious for using the technique after emigrating from Italy to the United States in 1903. Ponzi was not the first to invent such a scheme, but his operation took in so much money that it was the first to become known throughout the United States. His original scheme was in theory based on arbitrating international reply coupons for postage stamps, but soon diverted later investors' money to support payments to earlier investors and Ponzi's personal wealth. Today's schemes are often considerably more sophisticated than Ponzi's, although the underlying formula is quite similar and the principle behind every Ponzi scheme is to exploit investor naïveté.

After reading the article below visit the Madoff web site and then ask yourself:

1)Where were our government regulators?

2)How much did they know?

3) Why did they not step in sooner?

NEW YORK (Reuters) - Bernard Madoff, a long-time fixture and powerful adviser on Wall Street, was arrested and charged on Thursday with allegedly running a $50 billion Ponzi scheme, U.S. authorities said.

The former chairman of the Nasdaq Stock Market who remains a member of Nasdaq OMX Group Inc’s nominating committee, is best known as the founder of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he founded in 1960.

But the alleged fraud involved a hedge fund he ran from a separate floor of the building where his brokerage is based.

Madoff told senior employees of his firm on Wednesday that “it’s all just one big lie” and that it was “basically, a giant Ponzi scheme,” with estimated investor losses of about $50 billion, according to a criminal complaint against him.

A Ponzi scheme is a pyramid-type swindle in which very high returns are promised to early investors, who are paid off with money put up by later ones.

The $50 billion allegedly lost to investors would make Madoff’s fund one of the biggest frauds in history. When Enron filed for bankruptcy in 2001, one of the largest at the time, it had $63.4 billion in assets.

Prosecutors charged Madoff, 70, with a single count of securities fraud. They said he faces up to 20 years in prison and a fine of up to $5 million.

“Madoff stated that the business was insolvent, and that it had been for years,” Lev Dassin, acting United States Attorney for the Southern District of New York, said in a statement.

Authorities said that, according to a document filed by Madoff with the U.S. Securities and Exchange Commission (SEC) on January 7, 2008, Madoff’s investment advisory business served between 11 and 25 clients and had a total of about $17.1 billion in assets under management.

‘UNFORTUNATE SET OF EVENTS’

“Bernard Madoff is a longstanding leader in the financial services industry,” his lawyer Dan Horwitz told reporters outside a downtown Manhattan courtroom where he was charged. “We will fight to get through this unfortunate set of events.”

A shaken Madoff stared at the ground as reporters peppered him with questions. He was released after posting a $10 million bond secured by his Manhattan apartment.

The SEC filed separate civil charges.

“Our complaint alleges a stunning fraud — both in terms of scope and duration,” said Scott Friestad, the SEC’s deputy enforcer. “We are moving quickly and decisively to stop the scheme and protect the remaining assets for investors.”

The SEC said it appeared that virtually all of the assets of his hedge fund business were missing.

Madoff had long kept the financial statements for his hedge fund business under “lock and key,” according to prosecutors, and was “cryptic” about the firm.

Bernard L. Madoff Investment Securities has more than $700 million in capital, according to its website. It is a market maker for about 350 Nasdaq stocks, including Apple, EBay and Dell, according to the website.

The website also states that Madoff himself has “a personal interest in maintaining the unblemished record of value, fair-dealing, and high ethical standards that has always been the firm’s hallmark.”

The company’s web site may be found here: www.madoff.com/

Today tyBit announced that it would be sending thousands of dollars in commission checks to its partners. “We have hundreds of AdVARs and Affiliates who will be receiving their first payouts this month”, said Clarence Briggs, CEO of tyBit. “While in Beta, hundreds of early-adopter entrepreneurs joined us in our effort to provide relevant search that is click-fraud free and we are pleased to issue cash distributions to folks like Arjaree Sutton who received a check for $434.65 after one month.” Briggs also indicated that tyBit advertisers are also benefiting because the Pay Per Click (PPC) and Key Word Registry (KWR) rates are very inexpensive with transparent reports and zero click fraud.