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freiks
#1 Posted : Tuesday, November 29, 2011 12:07:31 AM
Rank: Veteran


Joined: 6/8/2010
Posts: 1,729
I wish I was the BlueLine. I default and you pay me a staggering 12.3Billion. Hata huyu judge jameni, or this is the guy calling himself CHUSE

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Life is an endless adventure
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Robinhood
#2 Posted : Tuesday, November 29, 2011 7:01:40 AM
Rank: Elder


Joined: 12/11/2008
Posts: 2,306
Traditional Tz xenophobia?
Great men are not always wise, neither do the aged understand judgement...
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hisah
#3 Posted : Tuesday, November 29, 2011 8:35:27 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
A classic case on how to smack the banker smile

EADB lends $13.7M and is later slapped with $60M+ damages bill after the borrower defaults. Now EADB is about to fold with a pissed off PTA & AFDB due to some not friendly judge smile
An interesting scenario would be if the borrower through a different entity steps in to offer the bank a bailout with the damages pay. Such a twisted system this d'oh!

But in school they teach us banks always have money...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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amga
#4 Posted : Tuesday, November 29, 2011 1:55:26 PM
Rank: Member


Joined: 8/16/2010
Posts: 149
Location: hapa Kenya
hisah wrote:
A classic case on how to smack the banker smile

EADB lends $13.7M and is later slapped with $60M+ damages bill after the borrower defaults. Now EADB is about to fold with a pissed off PTA & AFDB due to some not friendly judge smile
An interesting scenario would be if the borrower through a different entity steps in to offer the bank a bailout with the damages pay. Such a twisted system this d'oh!

But in school they teach us banks always have money...


this may set a dangerous precedence, i default to pay (being a tz company) then get a ruling 10 years down the line and get BBK to close doors, read BBK to include all lending institutions. now is that not a recipe for disaster....... my two cents... and again Hisah with which bank do you keep your money?? Sad
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hisah
#5 Posted : Tuesday, November 29, 2011 4:38:04 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@amga- just answer your query with another query, do you keep all your money in one bank?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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