You Can't catch me, I'm the Lynngerbread Man

Banks Chase Lynn’s Foreign Assets. I want to start by saying this is a classic example of throwing good money after bad if you ask me (not that anybody sought my opinion or anything).

Why? There are a few things to consider, and first and foremost I would say that currently banks need to concentrate on getting profitable and doing what they do best which is make money, because there is a financial sector crisis going on and initiating litigation abroad will simply dilute their efforts and get them in the papers for all the wrong reasons. what does a shareholder or mortgage holder from one of these institutions think when their bank is only mentioned in the press because they got ripped off? Its a PR nightmare, damned if you do damned if you don’t.

They are (apparently) chasing properties in Luxembourg, Portugal and Bulgaria. The latter country being a hotbed of corruption. I know a Dublin based solicitor who won a family law case awarding custody to the mother (based in Ireland) from the father (who had …

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You Can’t catch me, I’m the Lynngerbread Man

Banks Chase Lynn’s Foreign Assets. I want to start by saying this is a classic example of throwing good money after bad if you ask me (not that anybody sought my opinion or anything).

Why? There are a few things to consider, and first and foremost I would say that currently banks need to concentrate on getting profitable and doing what they do best which is make money, because there is a financial sector crisis going on and initiating litigation abroad will simply dilute their efforts and get them in the papers for all the wrong reasons. what does a shareholder or mortgage holder from one of these institutions think when their bank is only mentioned in the press because they got ripped off? Its a PR nightmare, damned if you do damned if you don’t.

They are (apparently) chasing properties in Luxembourg, Portugal and Bulgaria. The latter country being a hotbed of corruption. I know a Dublin based solicitor who won a family law case awarding custody to the mother (based in Ireland) from the father (who had …

Read More