FTL- Fruit of the Loom Message Board

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Non-Tech : FTL- Fruit of the Loom

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To: Clement who wrote (116)	8/13/2001 6:45:42 AM
From: Arthur Tang	Read Replies (1) of 161

You are not talking like a loan officer. Does your bank require each loan to be approved by the board of directors? Each bank limit their risk by having a consortium. The lead bank has to get approval from the rest of the banks. Some of them may want to extend more credit to save their loan. Most banks will reserve the possible loss and then collect them later. If every one is willing to write off their loans, developing nations will just borrow and never repay any loans. Look at what IMF had to do. What IMF does all banks do. FTL has a business that rides the economy based on population. It can always turn around. It needs more capital infusion and cost reduction. Then it needs to develop more sellable products. At the moment it is just retrenching, trying to save the brand name; so it looks like its hopeless. Loan officers have to know wealthy clients or skilled management for hire(to take over the loan), to bail out their mistakes of judgements. When loans are in default look for new management to save it.

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