benaj
Member of DD Central
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Post by benaj on Nov 28, 2018 16:56:43 GMT
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trevor
Member of DD Central
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Post by trevor on Nov 28, 2018 17:43:14 GMT
Yes. It can borrow for a lot less than FC will pay so it makes a profit. Ok by me.
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Post by gravitykillz on Dec 2, 2018 13:43:20 GMT
150 million is probably just the profit it made last time round.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Dec 2, 2018 19:06:28 GMT
Yes. It can borrow for a lot less than FC will pay so it makes a profit. Ok by me. I would doubt you could borrow if you told them what you were intending to do with the funds and loans tend to be capital + interest repayment reducing compounded return. You can do it if you have sufficient funds to repay the loan from other means rather than the loan. Credit card offering 0% interest for 12-24 months with 3% fee and 1% monthly payback can make a decent return invested at 12% . Not for the faint hearted.
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trevor
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Post by trevor on Dec 3, 2018 17:37:16 GMT
The government borrows on international bond markets. It all goes into the treasuries big pot. They don't specify which bond is going where. All the bond holder is bothered about is knowing the interest is paid and the capital is paid at term which always happens as another bond is issued as necessary.
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Post by gravitykillz on Dec 4, 2018 2:46:51 GMT
Yes i enjoy "joing"
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r00lish67
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Post by r00lish67 on Dec 4, 2018 6:35:13 GMT
Well, at least they're not funding Lendy. I can just see the headlines in a couple of years.
"UK taxpayers were forced into a public bailout yesterday as Government funds ran dry trying to support the 833rd tranche of development funding for a leisure/relaxation village.
A Lendy representative advised "Do remember that some of this tranche will at least theoretically go towards paying interest to the UK taxpayers who invested in the 324th tranche. Unless we're running a little short or decide to spend it on boats, in which case it won't. Further to this, the latest valuation report indicates a new possible GDV of £1.8bn to support our valuation at just 70% LTV.
A spokesman for the UK Treasury responded in highly unorthodox manner later that afternoon by saying "Yeah, right, is that a RICS valuation is it? Not worth the bog roll it's written on. They should default this loan right now. Ponzi scheme all over, mate"
Lendy declined to comment further on this response, but were noted to have added an update to the loan just moments ago to state that "the risk profile of this loan has now changed, and so secondary market trading has been disabled".
The Treasury has yet to respond to this latest development at Lendy, but issued a statement to advise that "they are fully diversified in their investments with the group, and that they are suitably assured that an £800m loan against a 0.5 acre surface car park with planning pending for a student block development on the outskirts of Skegness will be refinanced "by the end of next week".
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