Originally Posted by Carra_is_legend
Seriously, why would the bank put pressure on Hicks and recall the loan? I know there is a credit crunch and financial crisis and all that but the banks need to survive this period. To survive, banks need to receive the interest payments - there is no use of getting the loan amount back and keeping the money to themselves. It is not as if the banks are not lending at all - they are just being careful about it. They just want to make sure that their money will be safe and interest payments will be met. LFC can easily afford to do that - at the expense of the fans ofcourse.
JP Morgan is laying people off because they are worried about their profits - they are not worried of going bankrupt!
It is very much like getting a mortgage mate. Banks are now asking upto £2k arrangement fee if someone wants a mortgage. But, the banks are quite happy to add that £2k fee with your loan amount - hence forcing you to repay that £2k over a period along with interest every month. It is not as if the bank is getting that £2k there and then to solve their "financial crisis" is it? Banks are all cunts. They are just using the situation to their own gain.
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but he WOULDN'T be going to hedge funds looking for money if the banks were willing to lend to him.