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  1. Join Date
    Feb 2008
    Posts
    14,181
    #71
    There is one thing you guys are forgetting that cars have a lot of and electronic products don't have a lot. METAL, STEEL, IRON!!! COMMODITIES all getting very expensive. Electronic gadgets are just plastic, cars are made with earth materials. Just look at commodity prices...

  2. Join Date
    Dec 2005
    Posts
    39,162
    #72
    The regulator singled out lawyers Perfecto Yasay and Harry Roque. They were paid P245 million in 2010 alone.

    On top of these handsome legal fees, the BSP said the bank's officers and consultants were paid "roughly P250 million in 2010.

    The bank owners, including Albert "Bobby" Aguirre, the officers, and related interests -- collectively called DOSRI in banking parlance -- borrowed money and never paid them back. The unpaid DOSRI loans reached P2.2 billion, the BSP said.
    Legal Fees - P245M
    Officers and Consultants' Fees - P250M
    Bank Owner et al (DOSRI) - P2.2B

    Pinaghati-hatian na ng mga Dupang at Ganid sa itaas.... Buwak*nen* ninyong lahat!... Masunog lahat ang mga kaluluwa ninyo....

    12.7K:fart1:

  3. Join Date
    Aug 2004
    Posts
    22,705
    #73
    Quote Originally Posted by hausteam View Post
    Ang alam ko marami ng regulations regarding DOSRI loans. Kaya lang, maraming nakakalusot o hindi maganda ang monitoring ng CB.
    This is right... the laws regarding DOSRI Loans (loans to officers and their relatives) are very, very, VERY strict. They have been ever since the financial crisis in the 90's.

    That's why I can't get a loan. Too many friends in high places.

    It's amazing that Banco Filipino was able to get away with it for so long... the CB audits every bank annually, and the auditors are very thorough...

    But whenever a bank starts offering interest rates like 13%+ ...a private bank that isn't supported by government coffers, that is... then you really should be wary... because something fishy is definitely going on.

    Ang pagbalik ng comeback...

  4. Join Date
    Sep 2010
    Posts
    420
    #74
    Quote Originally Posted by tidus1203 View Post
    There is one thing you guys are forgetting that cars have a lot of and electronic products don't have a lot. METAL, STEEL, IRON!!! COMMODITIES all getting very expensive. Electronic gadgets are just plastic, cars are made with earth materials. Just look at commodity prices...

    if metal, steel, iron are fluctuating commodities, then how come mas dumadami din ang rolling-coffin Jeepneys

    if we are to follow the reasoning na mas mabigat na metal mas mahal, dapat mas mahal ang Jeepney even buses for Christ's sake. pero hinde eh so

    the car subprime will happen whether we like it or not, kelan ba nagsimula ang low-downs more than a year ago pa lang, hindi pa syempre realized yan

    in the subprime crisis sa states, it was realized in year 6 or 2007, ini-ignore pa din hanggang sa tuluyan ng bumagsak ang financial system sa 2008.


    ---

    and to other businesses, mostly not car-related. in case you're all wondering why mahina ang businesses, it's bec. of the car loans business. most people today have availed the low downs and 5 year loans, and therefore, they dont spend anymore on things that they can do without. puro uwi bahay yan, kain sa bahay, internet na lang.

    in case you don't notice, the rush hour today has been moved from 430pm to 530pm. ibig sabihin lang the middle class or the working force is going home early para kumain sa bahay na lang

    business today is not food vs. food, rtw vs. rtw, it's about getting the sizeable amount of your money

    say for example if you earn 50k a month, then the car loans business wants to get 30k of that per month, and tignan nyo mga 5 year loand, 30K per month. syempre proud pa kayo nyan kasi na-approve kayo sa car loan, actually they just want the bigger share of your income.

    yan ang laro ngaun. be wary ... kasi hindi sila talo dito, even if you paid 3 years of it at nag-default ka they still get your car.

    ----

    we are living in interesting times and i'm just amazed on how business ethics has gone out of the door. kabig today don't worry about tomorrow ang ginagawa. nobody is even taking notice kung ano ang matinding effect neto sa'tin in 3 to 5 years. tsk tsk. may god help us all
    Last edited by hondaboot; April 7th, 2011 at 04:17 AM.

  5. Join Date
    Feb 2008
    Posts
    14,181
    #75
    Suicide... Suicide... Suicide...

    With a suicide note expressing dismay over Banco Filipino’s financial woes attributed to him, a depositor of the beleaguered bank appeared to have committed suicide Tuesday, Las Piñas police officials on the same day said.

    Carmino Mangubat Jr., whom relatives confirmed was a Banco Filipino depositor, was found dead by investigators on Tuesday with a nine-millimeter handgun and a supposed suicide note, said Las Piñas City police chief Senior Superintendent Romulo Sapitula in an interview on dzBB.

    Ang Banco Filipino magulo raw at ang Central Bank. ‘Yan ang buod ng kanyang suicide note (Banco Filipino is a big mess, and so is the Central Bank. That is the gist of his suicide note)," Sapitula said.
    ‘Big’ deposit for him

    Quoting Mangubat’s relatives, Sapitula said the victim’s deposit in Banco Filipino is not too big, amounting to around P200,000. “Pero karaniwang tao lang ito, kaya malaki ito para sa kanya (But he was an ordinary person, so the amount is huge for him)," the police official said.
    http://www.gmanews.tv/story/217618/n...-filipino-woes

  6. Join Date
    Oct 2002
    Posts
    4,388
    #76
    Quote Originally Posted by tidus1203 View Post
    tsk. makukuha naman to mula sa PDIC diba since under 500k lang yung pera so makukuha ng buo un. un lang hindi alam kung kelan makukuha. hehehe

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Banco Filipino goes Bank Holiday!