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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (79111)	9/6/2011 1:15:07 PM
From: Cogito Ergo Sum	Respond to of 218084

that the USA is so punitive of miscreants ROTFLMAO ... yes.. you should watch what I just posted to Jay.. Message 27618252 The system needs the little guy.. yet the little guy is expected to have all the resources of the big guy.. I wonder how many have even read the bloody credit card rules ... rich or poor.. but rich can buy help ... OK so CB may be prone to a tad of debt slave rhetoric.. but it's the system.. encouraged I might add by VVV... Blame the little guy...

To: Maurice Winn who wrote (79111)	9/6/2011 1:35:12 PM
From: elmatador	1 Recommendation Respond to of 218084

three European technology joint ventures identified by Moody's as having failed to realise the synergies and economies of scale they initially promised to their parent companies: Nokia-Siemens, Sony Ericsson and ST-Ericsson European vendors' need for cash to hit parent companies – Moody's By Mary Lennighan, Total Telecom Tuesday 06 September 2011 Need to inject more cash into joint ventures threatens to hit equipment makers' liquidity positions; Nokia most at risk. Certain European equipment maker joint ventures will need fresh injections of cash in the coming year, which could have an impact on the financial position of their parent companies, Moody's announced in a special report published this week. Nokia faces the greatest risk, its credit rating already weakened by its declining position in the global mobile handsets market; a sizeable cash transfer into Nokia Siemens Networks could increase the chances of a further downgrade for the Finnish company. But Nokia is not the only one. Nokia Siemens Networks is one of three European technology joint ventures identified by Moody's as having failed to realise the synergies and economies of scale they initially promised to their parent companies, Sony Ericsson and ST-Ericsson being the other two. "The JVs continue to report lacklustre, if not dismal, financial results and we consequently expect that at least some of the operations will require additional cash injections over the next six-12 months," said Moody's analysts Wolfgang Draack and Matthias Hellstern in the report. That additional funding would likely come from the parent companies, namely Nokia, Siemens, Ericsson, STMicroelectronics and Sony. The analysts note that those companies have recently reiterated their commitment to their respective joint ventures, albeit without specifying exactly what such a commitment could mean. Most of those companies have stable ratings and access to sizeable amounts of cash, which means their ratings are unlikely to come under material pressure in the near term, Moody's said. "However, over time, continued funding transfers could impair their financial flexibility if no viable and long-term solution is found for their JVs," the company added. "The rationale for continued financial support and a reasonable return on investment is not convincing to us, least so in the case of ST-Ericsson," which has posted operating losses totalling US$1.2 billion over the past 10 consecutive quarters, the analysts said. The money needed to fund those ventures over that time "will moderately reduce the relatively strong liquidity positions of the sponsoring companies," they added. In Nokia's case though, the potential impact on its rating is greater. "In the case of Nokia, we will continue to compare past and projected cash flow

To: Maurice Winn who wrote (79111)	9/6/2011 8:50:00 PM
From: Ilaine	Read Replies (1) \| Respond to of 218084

>> But I am right now in a similar situation and I'll likely end up in court<< Of course I am not conversant with NZ law but would be more than happy to give whatever assistance I can. >>There must be hordes of people in situations like your client after decades of profligate wastrel mindless debt.<< The person I mentioned has no other debt, at all.

To: Maurice Winn who wrote (79111)	9/6/2011 9:52:31 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 218084

I can agree with you about the obligation of the co-signer in this case. But if the bank is charging 29% interest on the outstanding debt, it's plainly obvious that the creditors are not just trying to recoup the value of the original loan, but to excessively profit at the co-signer's expense. The co-signer should be only be required to repay based upon the original terms of the loan so that the creditor recoups it's capital, IMO. It sounds to me like the original creditor sold/securitized the note as "junk" debt bearing a usurious interest rate and are now acting as the collector of that debt on behalf of the current note holder. I don't agree with that as it alters the terms of the original loan agreement (assuming I understand correctly). Hawk