[Vision2020] Credit Suisse in court to defend loans to resort

[Tom Hansen]

Why doesn't Tim Blixseth simply knock on Butch Otter's door?  I'm sure the Guv would be more than happy to oblige him.

Courtesy of KHQ at:

http://www.khq.com/story/16499438/credit-suisse-in-court-to-defend-loans-to-resorts
 
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Credit Suisse in court to defend loans to resort

By MATTHEW BROWN

Associated Press
BILLINGS, Montana (AP) - Attorneys for Credit Suisse are due in court Thursday to defend accusations that the banking giant arranged hundreds of millions of dollars in predatory loans with the goal of taking over luxury resorts in Montana, Idaho, Nevada and the Bahamas.

Plaintiffs backed by Yellowstone Club founder Tim Blixseth want $8 billion in damages. They claim Credit Suisse conspired to loan the resorts more than they could repay and then foreclose on them.

The other properties were Idaho's Tamarack Resort, Nevada's Lake Las Vegas and Ginn Sur Mer in the Bahamas.

Credit Suisse says the lawsuit is without merit and motivated by Blixseth's desire to divert attention from the Yellowstone Club's problems. Thursday's hearing is in U.S. District Court in Boise, Idaho.

Real estate firm Cushman & Wakefield also is a defendant.

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Seeya later, Moscow.

Tom Hansen
Spokane, Washington

"If not us, who?
If not now, when?"

- Unknown
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