From Comcast SportsNetCHICAGO (AP) -- In an attempt to recover 104 million, federal authorities have sued former Chicago Bears quarterback Jim McMahon and eight others involved in a now-failed bank that was at the center of the campaign for President Obama's old U.S. Senate seat.Seven former directors -- including McMahon -- and two officers of Broadway Bank ignored federal warnings about just how risky some of the bank's loans were, according to the Federal Deposit Insurance Corp. lawsuit filed last month. Two loans were approved in 2008 on the very day regulators "specifically warned" about "the risks that these types of loans posed to the Bank."In all, 104 million in losses from 17 loans "were caused by gross negligence" and breaches of fiduciary duty by the defendants, the lawsuit says.McMahon's involvement was confirmed Monday by a person close to the case who spoke on condition of anonymity because he was not authorized to speak publicly about the details. It was first reported by the Chicago Sun-Times.McMahon, the brash leader of the Bears, led the team to the 1986 Super Bowl victory over New England. He is now among dozens of retired players who have sued the NFL, blaming the league for concussion-related dementia and brain trauma.Also named in the FDIC lawsuit are relatives of former Illinois treasurer and Senate candidate Alexi Giannoulias. Giannoulias, who was an officer at the bank that was founded by his father before being elected state treasurer in 2006, is not named in the lawsuit. But the allegations of shady loans at the bank that was shutdown in 2010 dogged him throughout his unsuccessful Senate bid against Mark Kirk that year.In a statement released through his attorneys, McMahon said Broadway Bank's failure stemmed from the bank's inability to "withstand the greatest market decline since the Great Depression" and not any wrongdoing."With the advantage of 20-20 hindsight, the FDIC now blames Broadway's former officers and directors for not anticipating the same unprecedented market forces that also surprised central bankers, national banks, economists, major Wall Street firms, and the regulators themselves," he said. "I am proud to have served as an outside independent director for a brief part of the bank's history. The allegations in the complaint are utterly without merit and I expect to be fully vindicated."McMahon was on the board of directors from 2003 through late December 2008. The FDIC says McMahon played a role in only one of the 17 bad loans, when the board approved a 28 million loan that resulted in a loss of 19 million."Despite his board responsibilities," the lawsuit also says, "McMahon repeatedly missed critical board meetings."
In the real world, the President of the United States Donald Trump started a Twitter feud with LaVar Ball on Sunday.
Now that the three basketball players are out of China and saved from years in jail, LaVar Ball, the father of LiAngelo, is unaccepting of what I did for his son and that shoplifting is no big deal. I should have left them in jail!— Donald J. Trump (@realDonaldTrump) November 19, 2017
Trump believes he should have left three college athletes, including Ball's son LiAngelo, in a Chinese jail for shoplifting. In return, Warriors head coach Steve Kerr wants the two to simply stop talking.
"It would be nice for all of us if both of them would just be quiet," Kerr said to reporters at the Barclays Center. "Wouldn't that be great?"
"Modern life. Two people seeking attention and are both getting it, so I'm sure both guys are really happy," Kerr initially said when first asked about the two.
Unprompted, Kerr then asked reporters for a request to help us all.
"You know what would help, if all of you stopped covering both of them," Kerr pleaded. "Is that possible? You can probably stop covering LaVar. I don't think you can stop covering the President. I don't think that'll work."
In the span of about 16 days, David Lee has made a lot of changes to his life.
On Nov. 3, he announced that he got engaged to tennis star Caroline Wozniacki.
On Sunday, the former Warriors All-Star forward announced his retirement from the NBA with a post on Instagram.
"An epic night celebrating my retirement with my friends and family! Thank you to my amazing fiancée @carowozniacki for planning the surprise!" Lee wrote as the caption for a photo of him with all his friends.
Former teammates Stephen Curry and Klay Thompson were among those that "Liked" the posted. Curry even left a comment.
"They'll still always have trouble with the pitch and follow man Man! Congrats," Curry wrote.
Acquired in July of 2009 from the Knicks, Lee played five seasons with the Warriors. During his time in Oakland, he averaged 16.7 points and 9.6 rebounds.
Lee was named to the Western Conference All-Star team during the 2012-13 season. He averaged 18.5 points and 11.2 rebounds per game that season.
The 34-year-old capped off his tenure with the Warriors by winning an NBA championship in 2015. After the playoff run, the Warriors traded Lee to Boston. He spent last season with the Spurs and appeared in 79 games.