Discussion on Lydian Mortgage

Schumpeter Reincarnate Joined: 24 May 2008 Posts: 46255

http://ml-implode.com/imploded.....02-21.html

Dud? Joined: 05 Jul 2008 Posts: 1

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Don' be surprised if the Private Banking division of Lydian Trust Co. starts unraveling within the next 12 to 18 months. They are currently desperately seeking capitalization of $50MM from Goldman and having a tough time. Their expansion strategy is falling apart.the OTS is putting on the pressure..alot has to do with the inability to retain clients and Rory Brown and James Meany's ego driven initiatives, not to mention that they are surrounded by a handful of senior mgt mercenaries brought over and inticed with fat equity states and compensation plans from the likes of Bank of America, Wachovia, Northern Trust and others...the fundamentals don't look good .. there's more...More later.[b][/b][/size][/b]