here's some very interesting info, page-105

"If you owe $1m and have asetts of $1m but can't show the bank how you will repay the loan,then bet your bottom dollar banks move in claiming what is theirs leaving you empty."

that's your take, my point is that as long as i can continue to make interest payments on my $1m loan the banks will leave it in place.. its the same as credit cards, just a bigger loan balance, banks only care about your ability to service the interest

"If you owe $10 million but asetts of $1million,whose problem is it??? "

the banks, obviously.

"That is where mae stands today."

which is a point we will never agree on.. the banks would never sit around waiting for the value of the secured assets drop below the face value of the loan, they would have taken action a lot sooner to minimise any potential losses..

you cannot come up with an independent valuation stating MAE's assets are less than the $45m loan, i cannot come up with an independent valuation stating that MAE's assets are worth more than the $45m loan.. readers of this thread and the market as a whole will make up their own mind