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To: mishedlo who wrote (107848)	2/4/2010 3:32:05 AM
From: Haim R. Branisteanu	Respond to of 116555

U.S. May Lose 824,000 Jobs as Employment Data Revised: Feb. 3 (Bloomberg Multimedia) -- The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the time. Click here for a Bloomberg Multimedia interactive visual analysis of the economy’s job losses. #<582242.1010.2.1.24.24040.25># -0- Feb/03/2010 11:06 GMT

To: mishedlo who wrote (107848)	2/4/2010 3:41:43 AM
From: Haim R. Branisteanu	1 Recommendation Respond to of 116555

Mish you quoted me as follow In any loan agreement there are covenants regarding equity in the business profitability free cash flow and assets to loan ratios as long as those items are within the limits the bank can do nothing. True if those terms are violated the loan goes from performing to non-performing loan and if so classified by the bank regulators the bank can act to seize assets. In you post you implied that a bank can do the same also to performing loans - and this is a big difference. IN any case as soon as a bank start to seize assets the looting of the borrower assets start in earnest and the bank and it's attorney etc. are profiting handsomely which is criminal conduct IMHO but they are shielded by the restrictions in the loan agreement and the declaration of the bank regulators as non conforming loans - non performing loans are loans that the borrower does not pay the interest and principal on time - which in most cases leads to bankruptcy Usually the attorney’s and accountants hired by the bank cheat on their hourly work, charges much more than they will charge under regular circumstances and all those plunder is aproved by a petty bank officer who in most cases receives kickbacks. Further if the borrower negotiated certain fees the bank charges the maximum fees they can, more so they purposely engage in unnecessary procedures only to pile on the borrower more expenses – one very common practice is to request copies of same statements multiple times and charge and arm an leg for that - I can bring up many horror stories of plain plunder done under the cover of “verification” or what ever they will call it, and all this with instruction from above so that the borrower is completely destroyed economically and emotionally and can not sue the bank for lack of funds In a nutshell senior bankers are very evil people period