Comments on: Don’t Hate the Players, Understand the Game – The Lenders http://thoroughbredbrief.wordpress.com/2008/07/21/dont-hate-the-players/ An intermittent review of legal issues in horse racing. I can be reached at kerryleighoneill@hotmail.com Fri, 09 Oct 2009 22:36:52 +0000 http://wordpress.com/ hourly 1 By: Kerry O'Neill http://thoroughbredbrief.wordpress.com/2008/07/21/dont-hate-the-players/#comment-66 Kerry O'Neill Tue, 22 Jul 2008 23:28:20 +0000 http://thoroughbredbrief.wordpress.com/?p=58#comment-66 That's an excellent point, Katie. Also, I think that equine lending in the 80's followed the larger trend of huge, risky loans and after everything went bust the banks got a little smarter. The Lundy example certainly was instructive. That’s an excellent point, Katie. Also, I think that equine lending in the 80’s followed the larger trend of huge, risky loans and after everything went bust the banks got a little smarter. The Lundy example certainly was instructive.

]]> By: Katie aka TripCrown73 http://thoroughbredbrief.wordpress.com/2008/07/21/dont-hate-the-players/#comment-65 Katie aka TripCrown73 Tue, 22 Jul 2008 18:45:42 +0000 http://thoroughbredbrief.wordpress.com/?p=58#comment-65 Then this brings in the accountants, who at year end do financial reviews or audits, depending upon the bank's loan requirements, on the farms at the bank's request to verify the farms are in compliance with their various ratios (cash to debt, etc.). When I was doing audits of the various farms, I was amazed at some of the loans! I believe, thanks to Lundy, the banks became a bit more prudent in their lending practices and in requiring audits and financial reviews. Then this brings in the accountants, who at year end do financial reviews or audits, depending upon the bank’s loan requirements, on the farms at the bank’s request to verify the farms are in compliance with their various ratios (cash to debt, etc.). When I was doing audits of the various farms, I was amazed at some of the loans! I believe, thanks to Lundy, the banks became a bit more prudent in their lending practices and in requiring audits and financial reviews.

]]> By: winston http://thoroughbredbrief.wordpress.com/2008/07/21/dont-hate-the-players/#comment-62 winston Tue, 22 Jul 2008 12:46:47 +0000 http://thoroughbredbrief.wordpress.com/?p=58#comment-62 When I was eleven or twelve, I had an uncle-read family friend-who pulled me aside one day and told me to go into banking when I grow up. I remember being more interested in the dessert table. Joke's on me... Thanks for shining this light into the darker corners. When I was eleven or twelve, I had an uncle-read family friend-who pulled me aside one day and told me to go into banking when I grow up. I remember being more interested in the dessert table.

Joke’s on me…

Thanks for shining this light into the darker corners.

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