news snippet re loans, page-12

SDE

You're absolutely right about the dodgy Loan Book sale - now known as Project Javelin. It was our mate JY who bought the loan book for 38c/$. Javelin Asset Management now own the loans. Mr and Mrs Young being the owners of the coy.

NIIIIICE!

The Administrators are investigating.

So BEN is off the hook in respect of this, (as far as I can tell) . That doesn't mean I fully understand how it is that I came to owe BEN, when I borrowed from GS. Did BEN buy the loans from GS? If so, how much did they pay and can I buy my loan back from them? They are sitting back relying on their loan contracts to insulate them from the very real pain out there in MIS land. But pain has a way of being shared, and I think they ought to work out how to deal with this issue in a more sympathetic, proactive manner.