kingofthemountain Posted January 17, 2021 Posted January 17, 2021 Just now, ICELANDMAN said: The banks will never lower their prices only if the building falls into disrepair because they have to write in their books the loss of their inability to value the customer. True plus the banks can keep all of these buildings in their books as an asset witht a largely overpriced price, that gives a better picture about the numbers at the end, even if it's a false one (But everybody know what is important in Thailand is what you let see, and not what the reality is) also good numbers in the bank books = good bonuses for all the staffs at the end of the year this way everybody is happy (At least untill the sh...t hit the fan, like it was for Thai airways) 1
Banana7 Posted January 17, 2021 Author Posted January 17, 2021 27 minutes ago, kingofthemountain said: True plus the banks can keep all of these buildings in their books as an asset witht a largely overpriced price, that gives a better picture about the numbers at the end, even if it's a false one (But everybody know what is important in Thailand is what you let see, and not what the reality is) also good numbers in the bank books = good bonuses for all the staffs at the end of the year this way everybody is happy (At least untill the sh...t hit the fan, like it was for Thai airways) Is there no third party in Thailand that audits the banks and verifies their assets are valued at market/cash prices? Is there a superintend of financial organizations that audits banks?
kingofthemountain Posted January 17, 2021 Posted January 17, 2021 17 minutes ago, Banana7 said: Is there no third party in Thailand that audits the banks and verifies their assets are valued at market/cash prices? Is there a superintend of financial organizations that audits banks? On the paper yes it's one of the role of Bank Of Thailand in the reality everybody knows how the system works and nobody want to have a big lost of face for a lot of people most of them very high in the hierarchy and with very high relationships plus opening a financial can of worns it's always a risky move 1
stupidfarang Posted January 23, 2021 Posted January 23, 2021 On 1/17/2021 at 4:22 PM, kingofthemountain said: On the paper yes it's one of the role of Bank Of Thailand in the reality everybody knows how the system works and nobody want to have a big lost of face for a lot of people most of them very high in the hierarchy and with very high relationships plus opening a financial can of worns it's always a risky move How the system work? Please let me know
Eindhoven Posted January 23, 2021 Posted January 23, 2021 2 hours ago, stupidfarang said: How the system work? Please let me know He already told, at the beginning of this page. 1
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