ablender
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Post by ablender on Jul 8, 2019 10:16:42 GMT
Hi All, Have not been around for a long time. Can some one please brief me on where we are with the Collateral story? Any light at the end of the tunnel that is not an approaching train?
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ablender
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Post by ablender on Jun 14, 2018 17:47:52 GMT
If in the end I get my capital back (mid 20000's) and even a little interest overall I'll put Coll. down to experience. Good grief if I 'get my capital back and even a little interest' I'll be doing naked cartwheels and devoting my life to the church. I think you may need to adjust your expectations of where this clusterf**k is going. Naked cartwheels in church?? Which church do you go to? May I come?
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ablender
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Post by ablender on Jun 14, 2018 17:42:54 GMT
Anyone knows if this story has filtered up to central government? I think they might have something else on their minds at the moment... I wonder what??!!!
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ablender
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Post by ablender on Jun 14, 2018 9:15:56 GMT
Anyone knows if this story has filtered up to central government?
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ablender
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Post by ablender on Jun 12, 2018 12:08:30 GMT
I would like to know if the data they have about my monies in Collateral matches my numbers. As at present there seem to be no way to find out.
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ablender
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Post by ablender on Mar 23, 2018 9:34:48 GMT
Is instant returns available for this loan?
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ablender
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Post by ablender on Mar 15, 2018 9:32:17 GMT
I am not keen on words about buying the Collateral loan book. The owners of the loans (the right to receive the repayments) are the lenders, not Collateral. And so the Administrator cannot sell the loans or the loan book (the set of the loans). Buying the loans would involve paying the lenders their principal - which no P2P company is going to do. So we should talk about others taking over the management of the loans, or buying the business. The Administrator works for the creditors of the company - and the lenders are creditors of the borrowers, not the company. If all client money is segregated and secure (we hope) then the lenders are not creditors of the company. Presumably the first choice of the Adminstrator is to maintain the business a going concern and hand it back to its owners (which might be tricky with the FCA approval missing). The second choice would presumably be to sell the P2P business as a going concern to an FCA approved company - having stripped out any non-P2P elements. If the company is to be liquidated, then the living will must be considered - since that is what would be expected to be in force. Quite how another P2P company just takes over the management of the existing P2P loans, presumably with some sort of dowry to fund it, seems difficult to understand. As for buying the right to manage the loans - well you would not pay money for that, especially if there are no future fees from the borrowers (I presume). Someone please explain?
Hi blender. I am with you when you talk about the loan book. Would you tend to agree that Collateral is a business (irrespective of the state it might currently be) and as such it can sell part or all of the business to another, including the management of these loans? Or something along these lines. This with the understanding that things now will have to be done through the Administrators.
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ablender
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Post by ablender on Mar 14, 2018 8:39:12 GMT
Yes, I thought it was a reference to my post on 10th, though that is really today's virtual fish and chip paper. Blender is in theblender but can't reach the switch. Perhaps ablender can turn theblender on for me, please? You just need to click the image. And to see what ablender has been up to: mondomedia.com/watch/Pscbbc Deserves a medal.
Turning the blender on with a fish - I pass - No cruelty to animals. Turning blender on for the link - Yes please.
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ablender
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Post by ablender on Mar 12, 2018 15:31:55 GMT
Please ignore my apparent insouciance. It was intended more to underline the difficulty in establishing the underlying reality of an online experience. The loss of a highly regarded platform is real, and a serious and regrettable occurrence, which should make us question our beliefs - in a rational way. btc is probably just expressing the hope that further failures are confined to platforms which do not exist, and therefore cause no real loss. I know that you can change color, but change name and form???!!
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ablender
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Post by ablender on Mar 12, 2018 11:59:24 GMT
Another platform failure could well be on the cards for 2018. Please let it be saving stream Yes, thinking about it if Saving Stream goes under, it should not effect anyone. Lendy will keep going.
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ablender
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Post by ablender on Mar 10, 2018 12:33:36 GMT
After all we do believe that money, paper or plastic, (or digital numbers) have value, even though the same money can vanish in an instant. The fact that we usually experience value from money makes us believe that this is always the case. I hear you on that and I may try telling that to HMRC next April and see how well it goes down :-D That said, digital or not, when it vanishes, there is almost always someone that benefits (real money) from this. Yes, I agree. Sometimes it is the government.
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ablender
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Post by ablender on Mar 10, 2018 12:29:09 GMT
If you do not question your own beliefs, how can you be sure that your beliefs are grounded on solid foundations? How can you be sure that your self-questioning is grounded on solid foundations? Or that solid foundations even exist? I kept on thinking about your question. Basically my belief has to satisfy me and does not need to convince anyone else. If I have deliberated my ideas and I am convinced about them, be it God, or what lending I am going to do, than I am happy with that and I will go with it. Other people will have to do the same about their ideas. The important thing is that you do not do something, act, talk etc because someone else did it or said it. You need to be convinced, or in my case, I have to be convinced. That is the solid foundation I mentioned in my previous post.
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ablender
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Post by ablender on Mar 10, 2018 0:57:54 GMT
If the vast majority believe that solid foundations do exist, arguably their existence is not relevant, only the belief is questioable? That makes sense if the vast majority all believe in the same set of grounds. Suppose that half of the vast majority believe in one set of grounds and the other believes in a different, incompatible set. Then their existence would be a matter of some debate and importance - assuming the two populations interact.
This is a very perfect explanation for Brexit negotiations.
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ablender
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Post by ablender on Mar 10, 2018 0:56:21 GMT
How can you be sure that your self-questioning is grounded on solid foundations? Or that solid foundations even exist? If the vast majority believe that solid foundations do exist, arguably their existence is not relevant, only the belief is questioable? After all we do believe that money, paper or plastic, (or digital numbers) have value, even though the same money can vanish in an instant. The fact that we usually experience value from money makes us believe that this is always the case.
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ablender
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Post by ablender on Mar 9, 2018 13:24:58 GMT
Should we not expect 'the philosopher of p2p' to question his own beliefs? If you do not question your own beliefs, how can you be sure that your beliefs are grounded on solid foundations?
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