Hasham Malik, Peachtree Settlement Funding's Chief Capital Markets
Officer, discussing a renewal of a credit facility for lottery buy outs and said in today's press release:
'Given the dearth of liquidity in the
capital markets, we are pleased that our credit partners continue to stand with
us. Peachtree's lottery products are very strong assets
as they are fully defeased by US Treasury zero coupon bonds held by the relevant
state. Our lenders benefit from both the security of the asset as well as the
generous yield, approximately twice the spread of a comparable municipal
bond".
I guess we've proven that Peachtree cannot give you all your money now like they've falsely promised in their online advertising
Many of our readers are familiar with the "generous" yields of Peachtree Settlement Funding offerings at Mailk's "hash bar". Yet what is never mentioned is that none of it seems to trickle down to the little guy.
Ha-shame! Ha-shame!
Gesundheit!
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