Lenny Dykstra Needs An Intervention

Commentary and details from the interview are below.

Nails filed for chapter 11 this week.  Jane Wells made the mistake of requesting an interview.  It's a slow-motion train wreck.

Dykstra exhibits characteristics of opiate addiction: his rambling, slightly slurred speech; his inappropriate sense of humor about his stuttering mortgage broker; manic visions of The Players Club; and his failed talking point that his problems have been caused by mortgage fraud.

The story he tells should be held as an example of the shady excesses that were commonplace during the real estate bubble.  Dykstra is so looped in this clip he doesn't see the personal irony.

His entire investment career is fraudulent.  Amazing that Cramer used to feature him prominently on TheStreet.com.  But Cramer is no champion of the truth either, so perhaps it was fitting.

Full story from Jane Wells (CNBC bright spot).

Comments

[DailyBail]

Thirty second parody of the above interview from Gawker

http://deadspin.com/5312028/lenny-dykstra-gets-played-off

[James H]

Somehow I imagine this is what George Bush would sound like had he not sobered up and gone into politics -- incoherent speech, coarse humor, failed businesses, and the complete and total inability to take responsibility for his mistakes.

Actually, that sounds a whole lot like the George Bush we got.

[gobias bluth]

1986...payback is a bitch. Buckner is having a good laugh, let's give him that at the very least.

[gobias bluth]

That is one way to jam the batter. I like how he has a lawyer named Hackett, good pick for a baseball player. WAMU, sha sha sha sha sha sham shammmmma shama ma ma shame on you!

Yes, what did Lenny Dykstra learn? Um, he learned to talk about himself in the third person...Lenny is pissed, Lenny is going to take one for the team. Lenny sad. Lenny needs better cash flow. Lenny wants to keep The Great One's house.

[gobias bluth]

James...

'It is better to have tried and failed than to never have tried at all' Obama dig, ouch!!!! Obama hasn't ever run a business, well, not until GM. Wonder how that one is gonna work out? He will stop GM from polluting, as there will be no more fancy GM cars soon.

[DailyBail]

Gobias

GM deserved to die as a failed relic.

[James H]

gobias,

Obama doesn't care about "pollution." Pollution only kills people and makes them sick. But "global warming" and "carbon footprints" -- they will make certain people very, very rich.

[gobias bluth]

DailyBaiil...no comments on my first July 10th post on the unknown Obama...too bad, you missed a good one. I thought you might have all the answers, hmmmmmm.

[Something Polish]

Hey, lay off Nails! The guy is a first ballot Hall of Famer for the Tobacco User HoF. Dude would pack his mouth full of half a pouch of Levi Garrett when he took the field and then smoked butts between innings. That's some seriously responsible nicotine consumption--the great ones make it look so easy. By reliable accounts, his outfield territory resembled a Superfund Site.

[Something Polish]

"Actually, that sounds a whole lot like the George Bush we got. "

How drunk do you reckon Bush fils is on any given evening these days? My guess is drunk enough.

[DailyBail]

"That's some seriously responsible nicotine consumption--the great ones make it look so easy. By reliable accounts, his outfield territory resembled a Superfund Site."

Nicely done Polish. Brightened my morning.

I remember some crazy college kids back in C'ville who brought Marlboros with them to the tennis courts...they smoked Reds during the changeover...Dykstra Nation.

[DailyBail]

Gobias...

I didn't miss your screed...I have no answers for you...I avoided it like Geithner avoids my daily emails...

Find it and paste it into this comments section and I'll look at it again...but if it's more about the birth certificate, I'm not going to waste my time...that's a losing issue...he's already Prez so give up on teh citizenship angle would be my advice...it will only bring frustration and heartache...

[DailyBail]

This is a funny song that a reader posted in a previous comment section...the reader is the artist who sang this:

http://www.wix.com/digitalcottage/obamamobile

If said reader is floating out there, NICE JOB...I might post it one of these days...

[gobias bluth]

DailyBail...Give up on the birth certificate issue, really. I want a heartfelt apology when he is thrown out of office and arrested. You can give it to me at the gigantic party I will be having for the occasion.

[DailyBail]

I don't pay any attention to that matter, so forgive if I'm out of the loop...but people have been talking about it since before teh election...so 12 months and it's still a non-issue...

What makes you confident that it will become an issue...?

[gobias bluth]

A fraudulent intent, however carefully concealed at the outset, will generally, in the end, betray itself.
Titus Livius

[mark mchugh]

I feel so bad for Jane!

[Jeff Smith]

I'm the lender foreclosing on Dykstra (the Gretzky Mansion). I got a call from CNBC Wednesday afternoon from a reporter named Jane Wells. I was wondering why I couldn't have lucked out and pulled Maria B? Ms. Wells requested an interview, and I reluctantly passed because my attorney informed me that I'm not pretty enough to be on national news. You see, the problem with this country is attorneys. My attorney advised me to have Ms. Wells call him for the interview. First he charged me $25K to tell the Ventura Superior Court (as Lenny's attorney W. Hackett charged) that I'm not wretched, miserable, base, vile and loathsome and looked down upon and despised by ordinary people. (He lied) Then he steals my 15 minutes of shame. I had a good laugh when CNBC aired footage of the property interior when the camera caught Dykstra traipsing through the barren hallway with the German Shepherd he bragged about buying for $10K on the June 23, 2009 HBO Real Sports episode. I felt sorry for the dog. Kudos to Ms. Wells for not blowing her lunch during the interview. Somewhere towards the final 18 minutes I expected to hear some sort of gag reflex from either the camera crew or Ms. Wells.

[DailyBail]

@Jeff Smith

I appreciate the color you provided from your end of the situation...I tried to make it apparent in my commentary that his claim of mortgage fraud was bogus...he signed teh agreements...and bought a $17 M property for no money down...he knew the terms and understood teh Neg-Am loan...

He simply couldn't re-fi later as he hoped and so he blames everyone else but himself...the guy needs an intervention...

Again, thanks for your comments...

[Jeff Smith]

WaMu in fact rescinded their statutory foreclosure notice in light of the following allegations. Brian Mincow was the WaMu agent running the WaMu Thousand Oaks branch and incidentally WaMu's largest loan producer. He allegedly dirtied up the Dykstra case file with two sets of loan doc's because WaMu's "set in stone guidelines" would have never allowed this transaction on the fact that the cash equity was borrowed for the purchase. That is clearly evident. Mincow allegedly orchestrated the escrow division and the underwriting division to make Dykstra's loan appear proper. Mincow's production was $100m+ a month and he again allegedly frauded up many files including Dykstra's. The story is WaMu became aware of this and Dykstra is a very large blip on their legal radar. Back to the story. Mrs. Dykstra was the only signer on the $12m loan. The loan was supposed to refinanced in Lenny's name after the closing with at least $18.5 million. He frequently says he was hit by a few pitches, but not that many. There are enough functioning brain cells there for Dykstra to have found an attorney who will work this on contingency. Hackett. Anyway, Dykstra goes back to the trough for his WaMu $18.5 million refi to pay off the hard money equity loan he took out from First Credit Bank in Beverly Hills and can't get it because Mincow in fact disappeared, along with Dykstra's hopes of emerging out of the situation Dykstra created. This was the end of 2007 when the proverbial "s" was hitting the fan and lenders were not able to sell this sort of loan to Bear Stearns etc. The game was over. Now Lenny is stuck with a $8 million hard money loan secured against all of his assets. He discounts his $23m car wash note for $13m in cash to pay off the $8m. Does he have a claim against WaMu? Their agent, their fraud. There is probably fraud but what are Dykstra's damages? Dykstra's problem today is that the Gretzky property is worth less than the secured creditors' claims and the BK judge may lift the stay in order for the foreclosure to proceed. Another interesting aspect is that the buyers of the $23m note defaulted on their obligation to pay off $3m of Dykstra's debt.

[IlDente]

My guess is alcoholism and benzos to cope with withdrawals. Way back in 80's I saw him at the Hotel Del Coronado at 3AM with 2 broads, 2 empty 1.5 litres of something, and a 3rd on it's way to empty. There was a 1 o'clock game the following day vs. The Padres. First thing in the morning I bet $250 against his team. (Mets or Phills, I dont remember now), because he was their best bat and they didn't have much else. That sonafabitch went 4 for 4 and the Pads lost badly.

[DailyBail]

IlDente

Hilarious story. Nails could play ball, fo' shore.