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Motivated Prophet
Zerodot Schools
Power Corrupts Industry's
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Posted - 2008.02.11 11:01:00 -
[1]
 Originally by: Ray McCormack
Originally by: Shadarle
6. Ray, all I read in your posts is "E-Bank is stealing all my business so I'm going to play this up as much as I can to try to discredit them!" To your credit, Ricdic has seemingly been trying to help you do this... but it's still quite clear what your motivation is.
Shadarle, once again you miss the boat. Do I need to point out every time you bring this up that the BMBE loan average has actually increased?
No, you don't, but surely you can see the humor the rest of us see when a BMBE representative rails about the proper handling of defaulted loans.
As to the rest of this thread--I have strong opinions. I choose not to share them, as nobody (should) care. Most of this thread should never have had a reason to come to exist; make of that what you will.
MP
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Proud steward of 47 billion isk in public money, and counting. Ask me about mineral compressionexpansion! WTF? |
Motivated Prophet
Zerodot Schools
Power Corrupts Industry's
|
Posted - 2008.02.11 14:28:00 -
[2]
Originally by: Ray McCormack
Originally by: Motivated Prophet
No, you don't, but surely you can see the humor the rest of us see when a BMBE representative rails about the proper handling of defaulted loans.
Oh yes, the irony is not lost on me.
 Just checking.
At the risk of derailing the thread a bit (more), did BMBE ever make a final decision on whether or not to release the name of the scammer who defaulted and defrauded you?
MP
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Proud steward of 47 billion isk in public money, and counting. Ask me about mineral compressionexpansion! WTF? |
Motivated Prophet
Zerodot Schools
Power Corrupts Industry's
|
Posted - 2008.02.11 15:50:00 -
[3]
Originally by: Ray McCormack
Originally by: Ricdic
Sorry the example was related to a default/scam in which causing the banks to be financially hurt
Is it not the bank's loss then for incorrectly valuing collateral? Exceptions can't be made just because the institution has made a mistake.
I'm not trying to be obtuse here, but what is the point of this statement? Is it the bank's loss? Of course. It would be in either scenario. This statement adds nothing to the discussion; we are all agreed that the fault and liability for a loss related to an under-collateralized loan, regardless of its collateral level at issuance, lies squarely with the issuing bank and/or loan officer.
The question I/we am/are posing is solely this: assuming bad faith on the part of the person who defaulted, is the bank the only person who can or should have the ability to know this black mark on the defaulting party's record, or may this information (whether acquired at a profit or at a loss for the bank) be disclosed as a service to the community and even, potentially, as a means to effect collection?
MP
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Proud steward of 47 billion isk in public money, and counting. Ask me about mineral compressionexpansion! WTF? |
Motivated Prophet
Zerodot Schools
Power Corrupts Industry's
|
Posted - 2008.02.12 00:42:00 -
[4]
Originally by: Cogwheel
Quote:
anyone willing to pay a fee?
Not quite sure what you mean...
Who makes money from this? Why would anyone who has enough reputation capital to be capable of pulling this off be willing to attach their name to a venture like this?
MP
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Proud steward of 47 billion isk in public money, and counting. Ask me about mineral compressionexpansion! WTF? |
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