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Re: [OM] Nathan's PAD 31/1/2015: the human face of the crisis

Subject: Re: [OM] Nathan's PAD 31/1/2015: the human face of the crisis
From: ChrisB <ftog@xxxxxxxxxxxxxx>
Date: Sun, 1 Feb 2015 21:44:31 +0000
I don’t know, Moose, but my point is that bankers have little currency in my 
world.  British bankers might not be as bad as the mafia, but I have little 
trust in their side of the story.

Chris

> On 1 Feb 15, at 21:36, Moose <olymoose@xxxxxxxxx> wrote:
> 
>>> The banks (and everyone else) would have been very much better off in 
>>> negotiating some sort of long term reduced/delayed payment plan with the 
>>> buyers.
> 
> How do we know the bank didn't try? With both mortgagees out of work, perhaps 
> they couldn't even manage that?
> 
>>> Instead they've thrown all parties (including themselves) under the bus. 
>>> Stupid.
> 
> How do you know that? Only one side has presented their case, and I'll bet 
> you know as little as I do about tax laws and accounting rules in Spain. For 
> all we know, this may have been the best financial outcome possible for the 
> bank.

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