Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
Thinking about this from another direction, I think about my dad's office building. For years he had the mortgage with banks that kept getting bought out, eventually turning into CitiBank. They have routinely told him to forget it when he asks them for loans to do such things as repair the roof.

But, odds are that the fobbed off the original loan, or it was fobbed off long before Citi came in. As a person with a record of decades of good payment, his was probably sold with packages of trash loans to balance them out.

Citi could straighten it all out by giving him a new loan...which he wants since it would give him lower payments at a time when 3 different clients have run out on their leases over the last year, leaving a basically empty building except for the lessee who hasn't paid in two years...but he has been paying the mortgage out of his savings.

Citi could get a new clean note, my dad would get a lower payment, everyone happy. Are they that clever. No. They won't even consider giving him a new loan.

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Thu Oct 14th, 2010 at 07:15:00 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Civic Self Defense Resources

by gmoke - Sep 19
1 comment

2034

by Frank Schnittger - Sep 10
5 comments

Labour grows up?

by Frank Schnittger - Aug 27
57 comments

Recent Diaries

Civic Self Defense Resources

by gmoke - Sep 19
1 comment

Faux Accompli

by Cat - Sep 14
7 comments

2034

by Frank Schnittger - Sep 10
5 comments

The Focus Group

by THE Twank - Aug 31
10 comments

Labour grows up?

by Frank Schnittger - Aug 27
57 comments

Exhibit 1

by Cat - Aug 22
22 comments

EU Position Papers

by Cat - Aug 22
24 comments

PACER

by Cat - Aug 18
5 comments

More Diaries...

Occasional Series