Investor blaming appraisal for steep loss at Lake Las Vegas - VEGAS ...
09/25/11
![]()
Investor blaming appraisal for steep loss at Lake Las Vegas
VEGAS INC
Lawsuits and bankruptcy filings say that in marketing hundreds of millions of dollars in loans as part of a new lending product for resort developers, Credit Suisse developed an unconventional and unsound appraisal methodology called “total net value” ...
[more]
VEGAS INC
Lawsuits and bankruptcy filings say that in marketing hundreds of millions of dollars in loans as part of a new lending product for resort developers, Credit Suisse developed an unconventional and unsound appraisal methodology called “total net value” ...