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HIGH COURT Favors BSP VS LEGACY BANKS

bicolano008 · 32 · 9602

richpulubi

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E di ganun pa rin!

If the banks close, PDIC will give our money back, AND WE KEEP THE INTEREST PAID OUT ALREADY.  Kumita na kami dun!  Then, we look for new rural banks!

If the ruling gets overturned again, THEN THE GOOD TIMES WILL KEEP ROLLING!!!


tops5450

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PhilKiyosaki

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I think the banks can make it as they have been freshly infused now with new capital this year.  What the BSP is fussing about is the last July 2007 audit and quite dated.  But there and then again, they wanna verify and see to it that it won't happen again this time so they are all auditing the banks as of this last quarter of the year.  The SC will have the final say again when the TRO will be lifted and I believe after a successful audit.


bicolano008

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@ all - bigyan po natin ng kaunting pansin ito....
naka-focus or inaasa masyado natin ang investment natin sa PDIC na kung may mangyari man sa mga bangko, PDIC will take care of our investment, dapat tingnan po din natin kung saan napupunta investment natin...ok...hayaan na natin ang bangko kung ano ang gawin nila dun sa investment natin as long na malaki ang kita natin tayo ok lng sa atin yun....pero..dapat yung investment natin na pinapasok natin sa bangko...ay dapat well handled din nila  - in terms of good investment (e.g. LOANS)...
sa aking pananaw...pag nag take-over ang PDIC sa isang bangko....dapat yung mga investment/loans ng bangko na under receivership ng PDIC, ay sya ring dapat pagkunan(o mag off-set) ng ipapambayad sa mga Deposits ng investors ng bangko...eh kung yung mga investments(loans) na yun ay may mga deperensya..or mga bogus na loan ...pano makakabawi ang PDIC nyan....e di talo na naman ang PDIC...uutang na naman sila sa BSP na gaya ng ginawa nila nung mag closed ang G7 Bank....

imagine...kung ang isang bangko ay may P5 Billion Deposits ..at may P4.8B Loans...at assuming ang Loans nito ay may bogus loan na umaabot ng 25% ng kabuoan ng Loan...or 1.2B ......para sa akin iisipin ko kung saan kaya nila dinala yung ganung kalaking perang yun .....kasama kc sa sound banking practice ang magandang pagpapautang na dapat pinagaralang mabuti, maganda ang pagkaka-package na mas favorable sa bangko. eh kung gawagawa lng...kawawa PDIC. ->  fall guy talaga sya in the end.


GoodSteward

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Kaya nga may auditing ng BSP , for check and balance.

Kaya nga may PDIC, to protect the depositors.

Kung wala yun 2, wala ng banking industry.


allanmm13

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In every investment, there is always Risk & Reward.

Personally, i always assess first the Risk followed by Reward (Concept of Capital preservation).
- what is my max. exposure?
- will i recover my capital?
- what is insurance on my capital?

I'm talking about here on "my" risk not of Legacy or PDIC.

That's the top aspect of investment na kelangan tingnan.

Kung sino man ang fall guy for that Capital Preservation...??? Doesnt matter


« Last Edit: Dec 02, 2008, 12:28 PM by allanmm13 »


PhilKiyosaki

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In the larger perspective, Bicolano008 you are correct.  If i would wear the hat of a macroeconomist, I would certainly factor in that motive for a certain institution to be socially and industry responsible.  But if I am just an ordinary small fish ekking out an income from whatever interest i can get from my deposits, I think I would just content myself of happily investing in these types of banks.  I find it sometimes tiring, and unrewarding to big global commercial banks like MBTC, BPI, and Citibanks because my financial product needs are not being met satisfactorily simply because I am nobody with my deposit.  With rural banks, so long as they are there properly audited and assured by PDIC, then its still a good option to park my humble amount of money.  You are right about that argument, but I prefer to wear the hat of a microeconomist where Marginal revenue = marginal cost/risk.


ahock

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naunahan moko Phil.... I myself agree with bicol in terms of sound investments.... But us being a small fish? Point is that where BSP and PDIC audit are set to safeguard  the system. As long as it falls in banking system then by all means covered ng PDIC regardless kung bogus nila invest or not.

Last point lang BDO made an investment sa Lehman which turn out to be problematic. San na Lehman bagsak na.
Posted on: Dec 02, 2008, 01:33 PM
another thing.... I somehow deem this as moot and academic na since the issue was in 2007 and come lately sabi ng Legacy rural banks they have increase their capital na to cover all liabilities. Tama po ba????


TheProfessor

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E di ganun pa rin!

If the banks close, PDIC will give our money back, AND WE KEEP THE INTEREST PAID OUT ALREADY.  Kumita na kami dun!  Then, we look for new rural banks!

If the ruling gets overturned again, THEN THE GOOD TIMES WILL KEEP ROLLING!!!


These are words of a smart investor. richpulubi said it "perfectly". The options could include;

Oriental Bank
Cardinal Bank
Rural Bank of Ayungon and
RB Polangui

Please note that RB Polangui is not included in the list. San Pablo Dev. Bank is also excluded, therefore there are still financial institutions to choose from.

Further note that there are other rural bank/s coming up, one of which is from Bohol.


segurista

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« Last Edit: Dec 02, 2008, 02:21 PM by segurista »


LAV

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Just like Sulpicio Lines, after the storm, and when calm water is back, business as usual for them  :hihi:

After Dona De La Paz that tops Titanic in numbers of death, after the sunken  Princess of The Star, the biggest local passenger line in Philippine sea, same old business survives. Like PGMA surviving all issues against them...everything in this life is just about "Damage Control"

Not being hopeful, but personally I see the banks on hot seat a year ago will survive this storm.

While my "Personal" damage contol would likewise be PDIC, regardless where I place my unutilized money in Philippine soil.

PGMA now on Top
Sulpicio Lines is now one of the Biggest local Shipping lines
Legacy Banks....?



 :hihi:


egan

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Bicolano8 salamat po pala sa pag second the motion mo sa suggestion ko. Ung request ko nga pala sayo na kung pwede maresearch mo ung BSP Circular Letter-2008-71 entitled "Servicing of Deposits Outside Bank Premises. Ala po masyado alam sa banking. Alam ko magaling ka sa research at lagi ka updated. Di po ba ang ginagawa ng LFG, sila solicit deposits, tapos pinaghahati-hati nila sa mga LFG Banks.  Wala ba to technical violations sa BSP.  


bicolano008

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thanks egan i appreciate it, regarding that BSP circular  i think you've already posted that in other thread, maybe you could post it again here or make a new thread for such topic..please...
thanks and gud morning!


quantumrock

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Bicolano8 salamat po pala sa pag second the motion mo sa suggestion ko. Ung request ko nga pala sayo na kung pwede maresearch mo ung BSP Circular Letter-2008-71 entitled "Servicing of Deposits Outside Bank Premises. Ala po masyado alam sa banking. Alam ko magaling ka sa research at lagi ka updated. Di po ba ang ginagawa ng LFG, sila solicit deposits, tapos pinaghahati-hati nila sa mga LFG Banks.  Wala ba to technical violations sa BSP.  


Hmmm... you sound familiar... Have we met?


 


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