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Re: LCLiving post# 167468

Friday, 07/23/2010 7:38:02 PM

Friday, July 23, 2010 7:38:02 PM

Post# of 375420
That is not a wise idea -- it won't help. People like Newby throw around jargon and gobbledygook to explain how a tiny pk sheet company will get $100 million loan on terms big companies can't get and use it any way it wants. The SLOC and leasing of AAA collateral is part of the shell game ruse to get the advance fees -- in the end you're suppose to believe this ne'er done well broker syndicates a $100 mm loan to network of leading hedge funds for a company without financial statements. I asked for names of prior customers, and I got told it was illegal to disclose this information under <state name> banking law. You can bank on the fact no loan is ever coming through Newby, a name we will all remember. What's Dean's next play.
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