Quote:
Originally Posted by alwann
Wow. House of cards. Who is the genius behind the developer's financing wizardry, some former Enron guy??
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any different than United Health Care's managed benefit program getting hacked, getting shut down for a week or more, stressing physician owned companies cash position by not getting paid timely, and United Health offering the physician groups bridge loans?
corporate predatory lending and predatory practices against non profit medical companies is a really poor image. . . but is happening all the time.
The TVH DIP financing is just an attempt at appearing to be an arm's length transaction, but its really not. . . its the developers monopoly of the CDD laws, and the reason why the original founder treated the owners very well with low cost beer at the town centers, looking for loyalists in government, and maintaining an appearance while picking your pocket. .
good luck to us!