Blind Eye on Bernie Syndrome

To: Irv Picard
From: Fred Wilpon

You keep claiming that I turned a "blind eye", when I "clearly saw evidence" that Bernie was running a Ponzi scheme. To that I say: "Baloney"! It might be true that I turned a blind eye after everyone in the locker room at PBCC said that Bernie's returns came from his front-running orders placed at his brokerage, but you haven't made that argument; that's because its all "hear say" and my lawyers say you can't introduce it to a court proceeding! Ha!

My own players have been pitched plenty of spit balls, and as far as the "blind eye doctrine" is concerned, there's plenty of precedence that protects me. For illustrative purposes, all of these other people have been accused of "blind eye syndrome"...and even if Jon Corzine isn't part of this particular proceeding, as Bernie would say, "Trust me" when I tell you that Corzine will skate by invoking the same "Don't Ask, Don't Tell" argument that I'll testify to if asked whether I heard that something was awry!

Fred Wilpon