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Trends In Underfed Horses Appear Resultant of Shady-Banking & Bubbles
‘Barrel Racing,’ ‘TulipMania,’ math, facts, and the money trail provide a stark realization
In recent weeks we’ve uncovered the reality that some allegedly malnourished horses have been pledged as security for some assets owned by the shareholders of Bancorp Southbank (NYSE: BXS). Following verification with a drone mission, the investigation began to assess collateral value. Today, equine assets serve as security for mortgages as well as (in some cases) individual purchases of such assets, much like buying a car.
Also, in the last six months, reports of malnourished performances horses have surfaced in Florida, all the way to Australia, for instance (see above). To better understand, we followed the money trail as it pertains to those animals at Dufur Performance Horses in Caddo, Oklahoma, and here’s the bigger picture…
Why was BXS loaning against the Dufur horses? Why are banks lending money for horses in the first place? If I said, this was ‘Bob Baffert Stables’ (the two-time winning triple crown trainer of the same name) — it’s one thing…
