I know a lot of people here don't like this solution, but if it were me than I would just walk away. I can't decide wether or not I would drop my players or not (probably not), but I would definately remove myself from this league.
In my previous post I was unaware that they veto'd solely because they too wanted to make offers for TO. Playing with owners such as these I don't think will result in a very fun laegue. Even if you move on from here and do well, you will still think abou it and fume over it. If this is the first time *everyone* is doing fantasy football, than maybe they don't have a good concept of the game. However, even when I was a FF noob (im only one notch above that now :p) I still didn't veto trades solely because I too wanted to make offers to someone. I was a believer in the no collusion trades back than. And it doesn't have to be a money league for collusion either.
I hope this isn't your only fantasy league this year, so as to make it easier to walk away if that is your decision. But I would definately explain to the guys at work if they ask why you are upset. Since you also work with them, I wouldn't bark in their faces either.

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