[Finance] Cho Var Banking officially insolvent

Cho Var Banking officially insolvent
Thousands of loans facing uncertain futures, temporarily held by the PCAFS

Alia T’Neem, Aethon Journal of Finance

Panic struck the galactic banking scene today, as the Cho Var commercial banking union officially declared insolvency after a year of struggling to recover from the Reaper invasion. As Cho Var was responsible for over twenty thousand business loans and mortgages in the colonial housing industry, its demise is a source of serious concern for the Turian Hierarchy and Vol Protectorate.

“It’s sad, but not exactly surprising,” said in-house analyst Urdnot Wroomp. “Cho Var kept a huge part of the reconstruction efforts in turian and volus space floating, and they did it without gouging interest or establishing restrictive deadlines. It’s patriotic, but it’s also probably what did them in.” Patriotism notwithstanding, Cho Var’s collapse has caused considerable turmoil regarding the state of the outstanding government loans. The Protectorate Commission for Assured Financial Security, in accordance with volus policy, has stepped in to temporarily retain the loans until they can be sold off.

At present, there have been no announcements regarding which bank will acquire Cho Var’s outstanding loans or depositors. Until an acquisition is announced, former Cho Var depositors, including companies participating in reconstruction, may find that access to their funds have been temporarily disrupted.

Blowjobs from behind a seedy nightclub in two weeks, tops. Blowjobs from behind a seedy nightclub on Omega in three months, tops.

You want people to vote for you, and you have no backup plan for something that is critically related to your personal immediate future?

Well, good luck with that.

turians have elections?

Not the Hierarchy, but the Citadel does.

Wrong! Thanks for playing turian 18 q's, bro but ya didn't quite make it to the money round. Be sure to come back for our loser's special at the end of the series though, yeah?

Gestran, dude, yeah turians have elections. Don't ask me to explain em, cos I don't fucking know. Load of xemna shit about tier responsibilities, service time and political rank decides if you can vote, who you can vote for and how much they get put in charge of. Don't have a fucking clue myself, just wait for the office to send me the form and I fill it in. That usually means voting for the hot chick if there is one, you feel?

Yes, voting for the candidate you'd most like to stick your genitals into is bound to be a recipe for political stability and prosperity.

I thought the whole turian system was based on the people on top pulling the bottom up and taking the crap if things went wrong. And isn't the turian councillor appointed by the hierarchy? And since when did citadel space have elections?

I get shot into space for ten years, and this chucklefuck gets to piss his dumbass away on cheap alcohol and oggling pretty girls.

No fucking justice in this galaxy.

My omni-tool appears to be operated by a vorcha with a bone in it's brain today...

Are you willfully unaware of Galactic Politics or is it more of a deficiency at birth? Yes, they do. Have done for centuries since before you or I were a glint in our Father's noble eyes.

Well, that applies to me anyway.

Well, I've figured out why they call you Hard Drop.

Very drôle, Miss.

Just a reminder to you fine voters that the polls for all elected positions on the Citadel open tomorrow! I am very excited to see the results, and I'm sure that all of you will make the right choice for your district, your ward, your station, and dare I say- your civilization! I'll be getting up bright and early myself to cast my ballot; and I'll be getting up just as early to go to work for you if and when you choose me to be your representative!

Oh yeah, you reckon? Well you let me take you out on the town and I'll fucking show you, sweetheart.

No offence, Maxxy Boy, but I'd vote Social Democrats all the way.

...if I was on the Citadel, at least.

What's your policy on closer integration to Earth?

I say we should make use of every single advantage there is to having the Citadel be in orbit above Earth. Far too many of the current crop of legislators say that we should just march on blindly, ignoring the new circumstances we find ourselves and try to re-create the Citadel we had before. But if you vote a Maverick like me into office, I'll turn that outdated idea right on its head! I say we want closer trade with Earth, closer governmental cooperation with the nations of Earth, and much more! And not just right now, but think of the future! Once- spirits willing -the long and difficult period of reconstruction is finished, think of how many credits in tourism our fair station could earn from potential travelers down on Earth who wouldn't have come all the way out to the Serpent Nebula to see us but will now that it's in their backyard?

Just out of curiosity, do we have people on the forum that can actually vote for him? I mean, who live in his ward?