Comments on: Derrick Coleman made $87 million, now files bankruptcy

By: KELLY C

KELLY C — Mon, 10 May 2010 14:02:17 +0000

WHOOP DE DAMN DO!!!!!!

By: big bear

big bear — Mon, 10 May 2010 10:11:22 +0000

Great comment,
I had not even read yours and basically stated the same thing!!!!

By: big bear

big bear — Mon, 10 May 2010 10:05:39 +0000

You are a real jerk to beat down and ridicule an individual for trying to do the right thing.
If so many of the educated wise guys on Wall Street had a heart this Country would be a better place.
*Lehman Brothers investing in failure, that’s a gret story-LOL
Oh,I have to admit, I can feel the racism in your comments.

By: Frandaday

Frandaday — Fri, 07 May 2010 23:17:27 +0000

You are a complete idiot. Additionally, what you’re wishing for these guys will certainly catch up with you, if it already hasn’t- IDIOT!!!

By: Anonymous

Anonymous — Mon, 03 May 2010 11:34:35 +0000

WHY ARE YOU HATTING BRO I DO NOT UNDERSTAND PEOPLE THESE DAYS WE ALL MAKE MISTAKES SOMETIMES. WHAT ARE YOU DOING

By: Anonymous

Anonymous — Sat, 01 May 2010 13:32:56 +0000

coleman has a great pr guy

By: David

David — Fri, 30 Apr 2010 14:22:39 +0000

I don’t think everybody understands the concept of bankruptcy. Filing bankruptcy doesn’t mean that you are broke, it means that you are protecting your assests from creditors. Alot of businesses and rich people file bankruptcy, as do poor people, everyday. It is a way to not lose all your finances repaying bad investments. This is basically what the government did to the auto industry & businesses without the legalities of the stigma called bankruptcy; which some businesses have already re-paid. Donald Trump filed for bankruptcy 8 times already. Is he poor?

By: philrot

philrot — Thu, 29 Apr 2010 12:25:53 +0000

I was tempted to write about how ignorant and mean spirited such comments were, then I saw worse postings and stronger counter replies. Suffice it to say, Sir, you are wrong.

By: pi

pi — Thu, 29 Apr 2010 09:30:12 +0000

maybe he “invested” with the ex-mayor of detroit who now lives in texas

By: kenyatta

kenyatta — Mon, 26 Apr 2010 09:51:15 +0000

these guys never heard of the mattress,stash some cash there for rainy days

By: Hannity

Hannity — Sun, 25 Apr 2010 08:41:03 +0000

I’m sorry but if you make 87 million dollars and don’t have the brains to put at least some of it away, I can’t sympathize. Thats just pathetic.

By: Tapan

Tapan — Thu, 22 Apr 2010 17:28:33 +0000

First and foremost, many of you forget what his true intentions actually were. He WANTED to help a dying community revitalize itself. His heart was in the right place, who say’s things wont work out in the future for the Coleman family. When things get bad, we’re suppose to run away and criticize the individual for his losses?
America is a country of opportunity, did we all forget this? We sit here, typing on a computer over an internet which 15 years ago DID NOT EVEN EXIST. If one thing we all must realize is that we can overcome anything we want to overcome.
Mr. Derrick Coleman, I admire your spirit, your tenacity and your belief. Its men like you who make for a better tomorrow.

By: Jeff

Jeff — Mon, 19 Apr 2010 23:56:47 +0000

While his money may be gone, I wonder if Mr. Coleman really considers himself poor.
Many who work to help the less fortunate find great “wealth” in what the process brings. I know I do, even with a small income.
While his millions may be gone I consider someone with Mr. Coleman’s energetic compassion wealthy indeed.

By: Anonymous

Anonymous — Thu, 15 Apr 2010 16:04:50 +0000

Congratulations, Steve, you’re officially an @$$hole. I’m no Coleman fan, but what he’s attempting to accomplish has nothing to do with “intelligence”. It has to do with “heart”. Your comments show what a completely ignorant human being you are.

By: stopjocknmyswag

stopjocknmyswag — Thu, 15 Apr 2010 16:00:40 +0000

You sound like the jerk pc of sh*t. What have you tried to do to help others? Have you even bothered to hold the door for someone w/their hands full? Your comments are mean spirited and disgraceful. Perhaps you will be the one who terms up broke.

By: pspear

pspear — Mon, 12 Apr 2010 13:39:57 +0000

I sure didn’t read all of this ignorant racist vitirol when Lenny Dykstra went belly up! There are plenty of people and business’s that fail everyday, but the American Way is to get up dust yourself off and try again, that’s what we do!! That is what made this country great. Those of you who keep bashing Unions need to go back and reread your history. Without Unions there are no paid vactions, workmans compensation when you get hurt on the job, no fourty hour work week, no time and a half overtime, no double time on Sundays and your seven year old doesn’t have to work to help make in meet because there are child labor laws. If we took all the money we use to prop up Saudi Arabia, fight a usless war in Afganistan (ask the Russian),and let Iran and Iraq go back to what they have been doing for thousands of years, which is killing each other we can invest those trillions od dollars into our own infrastructure, education systems,solar power, wind turbine etc….America can once again take her rightful place leading the FREE WORLD!! REMEMBER THE FALL OF THE ROMAN EMPIRE!!! No Man controls the Mob, the Mob controls the Man!!

By: Hoops McCann

Hoops McCann — Mon, 12 Apr 2010 12:09:59 +0000

Smokehouse you must be smoking something powerful. It was BUSHY and his cronies that turned a 10 Trillion Dollar projected surplus into a 10 Trillion dollar debt and bankrupted America! Where were you? Smoking something in your smokehouse? Only the truly ignorant can possibly blame ‘Bama and Liberals for The Great Depression II that he inherited.
Apparently nobody here saw the television program that detailed what Coleman was trying to do in and for Detroit. His motives certainly appeared to be altruistic and he knew full well he was taking a big risk. I’m certain he protected a large junk of his cash. The banks will take the brunt of the loss and then we (the taxpayers) will bail them out, again. Business as usual.

By: Danny Del Rossi

Danny Del Rossi — Mon, 12 Apr 2010 08:55:42 +0000

I’m glad you added that he will live comfortably off his pension. And for you naysayers that claim he was only in it for the money, wake up. He could have invested in many other areas that didn’t have the risk. The fact that he kept his money in Detroit shows allegiance.

By: hoffman

hoffman — Mon, 12 Apr 2010 03:59:42 +0000

I find it hard to believe this gentleman was investing all his cash, benovolently, for the good of the poor people of Detroit. It was a business opportunity that he thought he was going to make a lot of money doing, plain and simple. And it didn’t work out. Now he is broke. It was a poor business decision.

By: C.L. Parks

C.L. Parks — Sun, 11 Apr 2010 23:20:18 +0000

that is a story that is sad but not a crime.Plenty of former sports stars make mistakes and some recover from it, but I think Derrick did not have the right people around him to watch his back. You have to protect your lifetime investments, just like a corporation protects their product.

By: dan

dan — Sun, 11 Apr 2010 19:25:27 +0000

A fool and his money are soon parted,

By: bluehawk

bluehawk — Sun, 11 Apr 2010 11:00:25 +0000

Hey Derrick,
I have some beachfont property in Arizona…interested???

By: smokehouse

smokehouse — Sun, 11 Apr 2010 09:27:15 +0000

DC should have known better. Anyone who puts money in a city as corrupt as Detroit or any other city controlled by Democrats usually ends up like this. These large urban cities are in ruins because of liberals. Just look at the mess the liberal in Washington is doing to our nations finances. Liberalism is a nasty disease.

By: Randy Ewart

Randy Ewart — Sun, 11 Apr 2010 03:30:37 +0000

Someone’s angry at the world…I hope your rant was cathartic.
Great story – I wonder how much his pension is, more than my salary…

By: sj fred

sj fred — Sun, 11 Apr 2010 03:14:32 +0000

Great idea… let’s all hire the illegals and make them work in our secret sweatshops. If they try to sue, we kick their behinds out of USA. If the current auto workers want to work, they’d be paid minimum wages and no benefits. The big three will be so flowing with cash that they don’t have to care what kind of crappy car they make. Yeah, that’s the ticket to solve our economic problem.

By: TS

TS — Sun, 11 Apr 2010 03:08:15 +0000

All the guys slamming DC like he himself submitted the article for publicity, how much money have any of you invested in any community to help bring it back to life. It is easy to sit back and either do nothing or invest in an already successful neighborhood. To do so for a crumbling inner city neighborhood is extremely admirable and a true leap of faith. One reason some imppovervished people stay that way is many others look down on them and do not give them a lifeline out of that poverty. Man I wish I could be perfect like those slamming DC for tossing that lifeline out there.

By: sj fred

sj fred — Sun, 11 Apr 2010 03:06:34 +0000

so…. disagreeing with Bush’s administration is not racist but a unpatriotic communistic pinko? Sounds like you are saying that it is not OK to be racist but it is OK to be an ideologue. What make this country great is that we can all agree to disagree – labeling each other impedes the flow of discourse.

By: TS

TS — Sun, 11 Apr 2010 03:05:49 +0000

By: IMO

IMO — Sun, 11 Apr 2010 03:03:33 +0000

its funny…but i kinda agree with both sides of the argument…on one hand he might have been trying to do some good for a struggling city (similar to what Magic Johnson did and is still doing for MANY LA neighborhoods)…BUT, unlike MJ, I’ve read that DC has a poor work ethic and an article I came across from 2007 mentioned exactly that poor work ethic and it affecting his ability to sustain a successful business…I guess they were right. It can’t all be blamed on the economy. Smart investors (like Magic)know when to start paying close attention to the drip dropping revenues…and smart investors don’t open Nike stores in neighborhoods where the people would be better served with a payless shoe store or (better yet) a community bank that offers good solid advice on wise spending and saving. Instead, DC opened a strip mall with a check cashing place…the worst kind of business for poor neighborhoods. I don’t know if he was just ignorant and misled or if he just really wanted to make more money for himself. Doesn’t matter now…

By: Matt

Matt — Sun, 11 Apr 2010 02:56:49 +0000

Nobody says “How come they don’t give back” nobody! I will say that how they play basketball is important. He was tring to be like Magic Johnson and Shaq who have found away to use their name to draw innner city money to their investments. D.Coleman did not play well enough to garner himself a name. He should have done like 50 cent and invested in vitamin water. He made more from that one investment that all his music will ever make him.