[Packers] Ex-Packers HOF DE Willie Davis Lost $9M In Failed Bank

The economic recession has taken a $9 million bite out of Pro Football Hall of Famer-turned-businessman Willie Davis. A few months ago the 73-year-old former defensive end for Vince Lombardi's Green Bay Packers was the second-largest shareholder in Alliance Bank of Culver City, Calif. But Feb. 6 the failing bank was closed by state and federal regulators. "If they were decorative enough, I would have papered my walls with them," he says ruefully from his home in Los Angeles. "The possibility of me making any money is pretty much zero. At their peak, my (half a million) shares were trading at $17. You do the math. It was ugly," says Davis, who never made more than $50,000 a year during his playing days.

Source: USA Today

[MikeTSZ]

thats one hell of a loss man.

[ollysj]

Originally Posted by MikeTSZ

thats one hell of a loss man.

Hell it is and as he said, they don't made huge $$$ that days

[themush]

Ouch....