In any team effort you have players on the field and players on the bench. Depending on the circumstances these players may be moved on and off the field as the coach sees fit in order to maximize the team's results. Somes players are changed because they need a rest, sometimes they're changed because the... Continue Reading →
CEF/DIL: Mislabelling Risk
For those who don't know the history behind the whole CEF/DIL debacle, I'm re-posting an article I wrote for SolaGratia back on Sept 14, 2015 and on this blog on Dec 6, 2017. In this article I summarize how a stodgy, low-risk loan-to-limited-clientele business morphed into a high-risk "bet the farm on a roll of... Continue Reading →
CEF / ASC Hearing Notes and Decision
The ASC hearing is open to the public, and fortunately for the rest of us some people were able to attend the hearing and took notes of what they saw and heard, which they then sent to me. For that I thank them. According to those notes, the main reason for this hearing is the... Continue Reading →
CEF vs ASC: No News is Good News?
Jan 21, 2019 has come and (nearly) gone - and no official word from the ASC pertaining to the matter about the application to stay this proceeding until the representative action has concluded. However, the ASC's "Proceedings, Decisions, and Orders" page for this proceeding is still there, the May 2019 hearing dates are still in... Continue Reading →
CEF/DIL: ASC Application Hearing Update
Counsel for the prosecution and the defense have made their case. As I expected, counsel for the defense want to delay the proceedings until the representative action has concluded, or have the proceedings sealed so they cannot be used against them when the representative action commences. Considering that the AB real-estate market is somewhere between... Continue Reading →
ASC Application Hearing: Jan 7-8, 2019
The ASC application hearing that was originally scheduled for Dec 18, 2018 will now take place this coming Mon-Tue Jan 7-8, 2019. What is this hearing about, and why is it two days long instead of the original single day? Scuttlebut has it that the defence counsel really, really want to delay these proceedings until... Continue Reading →
Wade Mullen Quote of the Day – Dec 20, 2018
Or, should I say "tweets of the day"? Good stuff. https://twitter.com/wad3mullen/status/1075866218572251136 https://twitter.com/wad3mullen/status/1075866219465576452 https://twitter.com/wad3mullen/status/1075866220493238273 ...which is why I use a pseudonym - you can't privately oppress what you cannot find. https://twitter.com/wad3mullen/status/1075866221885698050 ...and if I ever find myself in a meeting to "discuss" purported "issues of concern" I'm recording it in the off-chance it turns out to... Continue Reading →
The Concrete Equities Timeline
What has been is what will be, and what has been done is what will be done, and there is nothing new under the sun. Is there a thing of which it is said, “See, this is new”? It has been already in the ages before us. Ecclesiastes 1:9-10 If there's one lesson I repeatedly learn... Continue Reading →
Is LCC an Antinomian Synod?
If there's one thing that's puzzled me the most about the CEF disaster, it's Synod's reaction to it. Why is this problem being so studiously ignored? Why is confession and absolution being prescribed as the universal answer while the house-cleaning LCC so desperately needs has completely failed to materialize? Recently I came across an article... Continue Reading →