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Originally Posted by MessickFarmEqu I surly do not know all the details of this situation, but I fail to see how Textron has done anything that any lender would not be doing. Yes, they could have thrown flags so dealers knew that FarmTrac was headed down the tubes, however its not their job to tell them how to run their business. Textron did not put FarmTrac in this situation, its seems pretty clear that this is where management lead the company. |
Messick's F.E. -- your take is a high-handed positon ... for one who has thinly researched the topic. A kind suggestion for future posts: be careful and better prepared. The web-based pummelling you save may be your own!
A deeper, more reasoned look at overlapping entity's timelines, court documents and testimonials reveal the retailers were up against two major conspirating factions.
And even if the Evil Empire Financial Corp's actions align with the normative value (and FYI, they don't; even General Electric acct execs tipped off dealers when the NewHolland/Case situation occurred)... it doesn't validate the act as a moral or an ethical practice.
Translated: if you're a greasy thug whose quivvering hand holds a glock, or a Gucci unifibre-clad, Blackberry toting, euphamism-using "division vice president" it matters little. The malicious acts of either can render the same result -- robbery from folks who've earned a legitimate living for decades. The steps prior are merely a different modality, but they both have the same larcenous heart and mind.
MFE, I warn you. You're not well-received here. You best tread smartly and lightly.
--b