How Credit Suisse loans crashed at Tamarack, other resorts
Submitted by David Staats on Tue, 03/17/2009 - 11:22am.
The Bloomberg news service has posted an in-depth story about Credit Suisse's financing of luxury resorts. The story focuses heavily on Tamarack Resort and features an interview with developer Jean-Pierre Boespflug, who says the Swiss bank's loan offer in 2006 was so sweet it "like putting candy in front of a 4-year-old." Read Credit Suisse Resort Loans Default From Beverly Hills to Idaho.
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They're Suisse, they had to suck.
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Gilligan inhaled
Staats, are you actually paid to write for the Statesman?
....because Buddy, if they're paying you on the basis of output---it's no wonder McClatchy stock is in the toilet.
Corruption as usual
I feel your pain, frustration, confusion, concern with the banks, lending institutions, lenders, financial institutions, out there offering hands on banking, credit card offers & management, Scholarship opportunities, auto loans, financing a car or automobile. I heard some great options were being offered by Wells Fargo. I would start there, here is a link I stumbled upon http://backstage.wellsfargo.com
Hope this helps.
The Bloomberg news service
The Bloomberg news service has posted an in-depth story about Credit Suisse's financing of luxury resorts it is good for every one..
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Re
Tamarack Resort homeowners desperately hoping to save this winter's ski season accused Credit Suisse Group of using stall tactics to scuttle their effort.
The Zurich-based bank's lawyers told 4th District Judge Patrick Owen on Thursday they aim to question 18 witnesses at an upcoming hearing over the homeowners' plan to reopen the failed resort with a $7.9 million loan from a Mexican lender.
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ATTN: SPAMMERS! STAATS NO LONGER WORKS HERE!
If we tase you will be BAKED SPAM.
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Like a midair collision with a tugboat
Got you in less than a minute, Sancho!
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Like a midair collision with a tugboat
And here I thought the
And here I thought the recession/depression was caused by poor minorities borrowing money they didn't have. But look at this boondoggle! A huge international bank, wealthy retirees and assorted other wealthy entities screwed the pooch on this one.
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Pretty good post. I just
Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I'll be subscribing to your feed and I hope you post again soon.
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Staats baby, call the media
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Like a midair collision with a tugboat
ALL LINKS AFTER JUNE 2009 ON STAATS' COLUMN ARE SPAM
David Staats has no provided any columns since then. You will be flagged upon notice. Further activity will be reported should Statesman staff fail to note it.
THEY NOTE IT. Flagged posts are sent to an editor for review.
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Like a midair collision with a tugboat
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