04-23-2009, 03:45 PM
Vllad Wrote:Exactly my point. They gave the loan and then decided they are a bad risk. It is supposed to be the other way around.
I would have no issue with the goverment acting as a bank if they could collect when the covenants are broken. The problem is their are no lien rights with the loan. (You can get the lien rights off of the web site).
This essentially means that once again we just through some more cash down the drain.
Vllad
No no no. they gave a loan and was fine, until they came back for another 500 million. The issues is providing more loans. The increase in the loans and the concern about the ability to pay it back is the concern.
Maul, the Bashing Shamie
"If you want to change the world, be that change."
--Gandhi
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"If you want to change the world, be that change."
--Gandhi