09-20-2023, 09:01 PM
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Ad@m W@r$h@w
Member
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Join Date: Apr 2009
Location: Beautiful Downtown Burbank
Posts: 13,202
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Quote:
Originally Posted by Casey2296
Golden now has to answer to CU and the stakes are much higher, for perspective if they had to pay the freight on a $200,000,000 loan at 7% the interest alone would be north of $1.6 million per month or $415,000 per weekly auction.
Of course the pressure is on, CU paid at the top of the market with drunken projections for the future and a poorly designed platform.
Don't lose sight that Ken is a really, really good salesman and the CU gang were using OPM for their purchase.
It's an exhausting high stakes game that hobbyists don't even need to engage in imho.
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This.
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