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Anyone have a copy of the proposed forbearance agreement for large account holders? It seems pretty brazen to ask people to give the company some slack on repay
by NelsonMinar 14y ago
Anyone have a copy of the proposed forbearance agreement for large account holders? It seems pretty brazen to ask people to give the company some slack on repaying deposits when they haven't really come clean on what went wrong. "For legal reasons we are not yet at liberty to document them" isn't good enough explanation; an announcement of specific arrests or civil lawsuits might be.
- derefr 14y agoNot tipping someone off that they're about to be arrested constitutes "legal reasons."
- NelsonMinar 14y agoArrest first, ask for your creditors to give you a break second.
- UnoriginalGuy 14y agoThat's a nice idea, but what if they go out of business before the arrests are made?
- caseysoftware 14y agoTypo on my part. My comment was in reference to this: "It seems pretty brazen to ask people to give the company some slack on repaying deposits when they haven't really come clean on what went wrong." Which is exactly what Cyprus is doing with its banks right now. They've frozen most of the assets of their depositors and are taking a percentage of the existing accounts. And still no one wants to actually analyze the problem to see what's wrong.. the answer is simply "throw more money at it."
- caseysoftware 14y agocoughCyruscough
- sesqu 14y agoWho?
- drivebyacct2 14y agoI wondering if they meant "Cyprus" but then my reaction is simply "Huh?" instead of "Who?".