ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
|
Post by ozboy on Jul 18, 2019 10:21:17 GMT
So, you investigate and evaluate scrupulously:-
1/ Borrower Risk
2/ Asset Value Risk
3/ Platform Risk
4/ Heck, even Introducer/Agent Risk.
But what you don’t evaluate, shouldn’t ever have to, but now obviously have to, is to evaluate
5/ FCA Risk!
Like when they ride in on their chargers and needlessly smash everything to pieces, leaving an utter mess behind, before moving on and denying any culpability for their actions. Being Commercial Sector Rejects they don’t have a business brain cell in their entire bodies and have no inkling whatsoever of the term, let alone practice of, “Business Continuity via an elegant & smooth wind-down”.
Just send in the Administrators, at vast expense, you know, Jobs For The Boys, Your Turn In The Trough, Bleed The Carcass Dry (to mix my metaphors.).
I refer, mainly, of course, to The Collateral Debacle.
FCA, you are On Notice.
|
|