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#1
12-31-2009, 03:40 PM
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So the take-home is Fifth Third is beyond broke, and desperate to not go bust.
Actually, I admit I'm rather happy to see it. I've never liked this bank over the years. They put customer care last. Wouldn't mind seeing them go away.
__________________
"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts 
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#2
01-01-2010, 04:38 PM
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Fifth Third is getting out of the equine lending business. Most of the people who are current on their horse loans with them have gotten notices telling them they have 30 days to settle up. This is not a positive for the business as many of the bigger breeders use that money as cash flow to pay bills on monthly bills on things like having racehorses at the track. Fewer owners is a bad thing for everyone.
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