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Sadly... asking a Bank to issue anyone a LOC and believing
that it might happen are two red flags signs that the person making the post has
no earthly idea about how the banking system works
whatsoever.......
Banks do not issue LOC's....have you heard of arbitrage ??? go
look it up
Banks do not solicit to so called collateral providers....
what you have is someone who wants an LOC from a Bank so they could go shop it
and then secure a BG to cover the loan...BUT the chicken and egg scenario does
not work....Banks do not do it....show the BG and they will loan you what ever
you want against it....sadly they do not own the BG...they need the LOC to
have it issued and they think some bank will issue it....
You need to not send out every so called deal that comes
accross your desk and think it is legit because they have some big words in
it...the following statements are ridiculous...."Our source also has
deep and legitimate relationships with persons associated with the US Treasury,
The Fed Reserve and many European countries. This source is currently assisting
our firm with projects totaling several billion dollars."
Funny with all this BILLIONS in play you guys do not even have a bank who will issue you guys an LOC ??????? so you go on a Yahoo group looking for the missing piece ?????? This is broker garbage at the highest level...I just get sickened when I see this junk being posted as new members might unknowingly think this is a real deal/opportunity..... Fact: if you have an LOC from a top bank...why would you need these
guys ? for what ? you could get a BG issued to you from any bank of your
choice...word to the wise...anyone saying "I can get you a BG if you get me a
LOC from a bank" is the sign of someone who has NO idea at all about how the
real banking system works.....99% of these people cannot even answer a
simple question on their own post if you did talk to them as all they are
doing is posting another brokers bs and thinking they will get paid on it
somehow.....REAL COLLATERAL PROVIDERS do not need an LOC and are not on the net
looking for LOC 's which will never come....word to the wise.....do your
homework before making posts that are
bogus.....
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