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Originally Posted by SentToStud
I'd say the bank has problems bigger than locating Whetstone:
1. Finding the person in 5/3 who did not get their lien properly attached to the horse so that the new buyer was aware of it.
2. Firing the person who made the initial loan to Whetstone, a convicted felon.
3. Firing the person who hired the person who made that loan.
Banks are not immune to doing bad business. Especially when money is cheap and they're under pressure to make loans. Just like anyone else in sales, that loan officer had his goals and just did a lousy job.
Sorry the rest of the thread didn't agree with you.
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You guys are basically saying the same thing, someone at 5/3 screwed up.
So, is the article implying that the lien is associated with the $125M loan for the business in Washington? That was rescinded by 5/3, so there must be some other loan Whetstone had with the bank...was it for Great Hunter? I'm a little confused.