Steelers punter Dan Sepulveda will miss the rest of the season because of a right knee injury
Posted Nov 07 2011 5:43am
PITTSBURGH -- Steelers punter Dan Sepulveda will miss the rest of the season because of a right knee injury. Pittsburgh placed Sepulveda on injured reserve Saturday and signed Jeremy Ka take his place.pinos to It is the third time Sepulveda's season has ended early. He missed the entire 2008 season and the second half of 2010 with a similar inju NFL 2011 Pro Bowl Jerseys ry. Sepulveda was averaging a career-best 46.1 yards per punt this year. Kapinos averaged 41.1 yards per punt after signing with the Steelers to replace Sepulveda last year. He narrowly lost out to Sepulveda during training camp and was one of the final cuts before the roster was set at 53. "It appears to be an idiosyncratic case," Bernanke told reporters. "We are monitoring the possible impacts on funding markets and elsewhere, and so far we have not seen Dallas Cowboys Team Jerseys any significant impact on financial stability." But the meltdown of Jon Corzine's firm should spark reforms to separate retail from investment banking operations, according to "Bond King" Bill Gross, who says it marks another example of how Wall Street has "lost its way." "Do we have a better example today than MF Global in terms of the mingling of those two particular aspects of capital allocation?" Gross, who runs the $242.2 billion PIMCO Total Return portfolio, said at a Charles Schwab Corp conference in San Francisco. "So the closer we get back to separating the two, I suppose the better from the standpoint of reform." REGULATOR CONCERNS BACK IN JUNE Not long ago, Wall Street was witnessing the comeback of Corzine, the ex-Goldman Sachs chief and former New Jersey senator and governor, when he took the helm of MF Global. But the recent revelation of $6.3 billion of European bond positions caused the ratings agencies to cut MF Global's debt to junk status, speeding its descent into bankruptcy. Kids NFL Jerseys Though the firm's failure played out in a matter of days NFL Accessories, regulators started turning the screws on MF Global months ago. Around June, the Financial Industry Regulatory Authority (FINRA), one of many regulators that policed the firm, became concerned that MF Global had a substantial position in European sovereign debt and was not appropriately holding capital against it, the source told Reuters. FINRA began conversations with MF Global about whether it was appropriate under Generally Accepted Accounting Principles to consider the exposure to be off balance sheet, according to the source, who was not authorized to speak publicly. FINRA felt that regardless of GAAP accounting, MF Global should recognize how much the market value of the sovereign debt-related holdings had declined, and consulted with the U.S. Securities and Exchange Commission, the source said. After lengthy conversations with FINRA and the SEC, MF Global yielded and infused the additional capital called for, something the firm disclosed on September 1. Those deals were attractive because they were financed in the repo market, according to Thomson Reuters columnist Bethany McLean. The company was essentially earning money by receiving more interest on the bonds than it was paying to financ the instruments. The NFL and its clubs have a close relationship with the Wounded Warrior Project (WWP), an apolitical organization which supports veterans returning from Iraq and Afghanistan with significant injuries. In May 2011, former New England Patriots linebacker Tedy Bruschi, former Tennessee Titans head coach Jeff Fisher, and former Philadelphia Eagles & St. Louis Rams tight end Chad Lewis teamed with four wounded warriors through the Wounded Warrior Project to climb Mount Kilimanjaro in Tanzania, Africa. NFL Bags Cheap The eight day climb to Uhuru Peak was intended to raise awareness and enlist the public's aid for the Wounded Warrior Project, a nonprofit organization whose mission is to honor and empower wounded warriors.