Thorn Song confusion furthers Zayat intrigue

[freddymo]

Originally Posted by Kasept

That's great. Who doesn't like (potentially) happy endings?





Oh.. And by the way... just wondering... Anyone have any suggestions how Ahmed Zayat should go about getting un-villified now that journalists actually filled in the blanks on this oddball incident?

Do you believe the Banks position is still valid?

[Danzig]

Originally Posted by freddymo

Do you believe the Banks position is still valid?

i don't know that it is, or ever has been valid. just because they file these suits doesn't mean they have a legal leg to stand on. they may think by being overly aggressive they can muscle their way through to get what they want. there's a ways to go before anything is proven either way. he said he declared to stop the bank-that certainly appears to be a legal step he could take in response to what they've done. whether people like how he names his horses or not, it doesn't mean the guy is broke or pulled shady deals.

[Sightseek]

Fifth Third wants out of the equine lending business - end of story.

[freddymo]

Originally Posted by Danzig

i don't know that it is, or ever has been valid. just because they file these suits doesn't mean they have a legal leg to stand on. they may think by being overly aggressive they can muscle their way through to get what they want. there's a ways to go before anything is proven either way. he said he declared to stop the bank-that certainly appears to be a legal step he could take in response to what they've done. whether people like how he names his horses or not, it doesn't mean the guy is broke or pulled shady deals.

I dont know if it is common for folks to collect on a mortality claim on a live horse and since that horse is colateral and or its worth if dead if it is proper for the Stable to keep proceeds? I really have know clue

[Sightseek]

Originally Posted by freddymo

I dont know if it is common for folks to collect on a mortality claim on a live horse and since that horse is colateral and or its worth if dead if it is proper for the Stable to keep proceeds? I really have know clue

Did you read the article? The bank also did not request to be listed as loss payee on Zayat's insurance.

[Antitrust32]

Originally Posted by freddymo

I dont know if it is common for folks to collect on a mortality claim on a live horse and since that horse is colateral and or its worth if dead if it is proper for the Stable to keep proceeds? I really have know clue

not common at all.. I had never heard of it and I asked my friend who has worked here 13 years and she had never heard of it (which made me feel a little better).

But as we learned it does happen in odd situations!

Zayat deserves to be praised for trying everything to get this horse well, even though its not his horse anymore.

[Danzig]

Originally Posted by freddymo

I dont know if it is common for folks to collect on a mortality claim on a live horse and since that horse is colateral and or its worth if dead if it is proper for the Stable to keep proceeds? I really have know clue

you need to read the update about the horse-it explains why there was a payout. i received a payout on a car that was 'totalled'. i paid back the $100 salvage fee and kept the car on the road (insurance purposes for teens). if the bank didn't require it at the time of the policy being written, they can't retroactively go back and claim it now. 5/3 may want out of equine lending, but they're leaning heavily on wanting loans paid NOW, and are seeking to force their customers to pay in full. sounds to me that the bank may have the issue, not the customer.

[Antitrust32]

Originally Posted by freddymo

Do you believe the Banks position is still valid?

nope.