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Casca.
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September 10, 2009 at 10:30 PM #456196September 11, 2009 at 9:01 AM #455491
UCGal
ParticipantThe article implied that Wells had loaned the previous owners money against their Madaff “assets” as well as the mortgage on their house- their only hard asset, after the Madoff ponzi collapse was their house.
Because the defaulted debts were greater than the balance of the debt on the house, doesn’t mean the house doesn’t get foreclosed.
If nothing else – this VP created a PR nightmare for the bank. It’s one thing to say “occupy the house to protect the asset”. It’s another to have high profile parties in the house with yachts, etc… Bad image for the bank.
September 11, 2009 at 9:01 AM #455684ParticipantThe article implied that Wells had loaned the previous owners money against their Madaff “assets” as well as the mortgage on their house- their only hard asset, after the Madoff ponzi collapse was their house.
Because the defaulted debts were greater than the balance of the debt on the house, doesn’t mean the house doesn’t get foreclosed.
If nothing else – this VP created a PR nightmare for the bank. It’s one thing to say “occupy the house to protect the asset”. It’s another to have high profile parties in the house with yachts, etc… Bad image for the bank.
September 11, 2009 at 9:01 AM #456024ParticipantThe article implied that Wells had loaned the previous owners money against their Madaff “assets” as well as the mortgage on their house- their only hard asset, after the Madoff ponzi collapse was their house.
Because the defaulted debts were greater than the balance of the debt on the house, doesn’t mean the house doesn’t get foreclosed.
If nothing else – this VP created a PR nightmare for the bank. It’s one thing to say “occupy the house to protect the asset”. It’s another to have high profile parties in the house with yachts, etc… Bad image for the bank.
September 11, 2009 at 9:01 AM #456096ParticipantThe article implied that Wells had loaned the previous owners money against their Madaff “assets” as well as the mortgage on their house- their only hard asset, after the Madoff ponzi collapse was their house.
Because the defaulted debts were greater than the balance of the debt on the house, doesn’t mean the house doesn’t get foreclosed.
If nothing else – this VP created a PR nightmare for the bank. It’s one thing to say “occupy the house to protect the asset”. It’s another to have high profile parties in the house with yachts, etc… Bad image for the bank.
September 11, 2009 at 9:01 AM #456286ParticipantThe article implied that Wells had loaned the previous owners money against their Madaff “assets” as well as the mortgage on their house- their only hard asset, after the Madoff ponzi collapse was their house.
Because the defaulted debts were greater than the balance of the debt on the house, doesn’t mean the house doesn’t get foreclosed.
If nothing else – this VP created a PR nightmare for the bank. It’s one thing to say “occupy the house to protect the asset”. It’s another to have high profile parties in the house with yachts, etc… Bad image for the bank.
September 11, 2009 at 10:45 AM #455511BGinRB
ParticipantWonderful – banks receive taxpayer money in all kinds of forms and ways so they can foreclose on people scammed by SEC-regulated scammer and party all the time.
Can’t wait to see the bonuses they’ll receive for doing such a great job.
September 11, 2009 at 10:45 AM #455704ParticipantWonderful – banks receive taxpayer money in all kinds of forms and ways so they can foreclose on people scammed by SEC-regulated scammer and party all the time.
Can’t wait to see the bonuses they’ll receive for doing such a great job.
September 11, 2009 at 10:45 AM #456043ParticipantWonderful – banks receive taxpayer money in all kinds of forms and ways so they can foreclose on people scammed by SEC-regulated scammer and party all the time.
Can’t wait to see the bonuses they’ll receive for doing such a great job.
September 11, 2009 at 10:45 AM #456116ParticipantWonderful – banks receive taxpayer money in all kinds of forms and ways so they can foreclose on people scammed by SEC-regulated scammer and party all the time.
Can’t wait to see the bonuses they’ll receive for doing such a great job.
September 11, 2009 at 10:45 AM #456306ParticipantWonderful – banks receive taxpayer money in all kinds of forms and ways so they can foreclose on people scammed by SEC-regulated scammer and party all the time.
Can’t wait to see the bonuses they’ll receive for doing such a great job.
September 11, 2009 at 11:04 AM #455521dbapig
Participant[quote=BGinRB]Wonderful – banks receive taxpayer money in all kinds of forms and ways so they can foreclose on people scammed by SEC-regulated scammer and party all the time.
Can’t wait to see the bonuses they’ll receive for doing such a great job.[/quote]
Looks like bonus wasn’t big enough for the vp to get a vacation rental in Malibu. OR maybe she does get big enough bonus to rent a vacation rental in Malibu but maybe they were all booked?
September 11, 2009 at 11:04 AM #455714Participant[quote=BGinRB]Wonderful – banks receive taxpayer money in all kinds of forms and ways so they can foreclose on people scammed by SEC-regulated scammer and party all the time.
Can’t wait to see the bonuses they’ll receive for doing such a great job.[/quote]
Looks like bonus wasn’t big enough for the vp to get a vacation rental in Malibu. OR maybe she does get big enough bonus to rent a vacation rental in Malibu but maybe they were all booked?
September 11, 2009 at 11:04 AM #456054Participant[quote=BGinRB]Wonderful – banks receive taxpayer money in all kinds of forms and ways so they can foreclose on people scammed by SEC-regulated scammer and party all the time.
Can’t wait to see the bonuses they’ll receive for doing such a great job.[/quote]
Looks like bonus wasn’t big enough for the vp to get a vacation rental in Malibu. OR maybe she does get big enough bonus to rent a vacation rental in Malibu but maybe they were all booked?
September 11, 2009 at 11:04 AM #456126Participant[quote=BGinRB]Wonderful – banks receive taxpayer money in all kinds of forms and ways so they can foreclose on people scammed by SEC-regulated scammer and party all the time.
Can’t wait to see the bonuses they’ll receive for doing such a great job.[/quote]
Looks like bonus wasn’t big enough for the vp to get a vacation rental in Malibu. OR maybe she does get big enough bonus to rent a vacation rental in Malibu but maybe they were all booked?
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