Grace Aaron Explains It All For You
A Bookkeeper Demurs – And Then Some
We have here a few snippets, snip snip snip snip, from the KPFK LSB of Sunday Last, only made available earlier today.
Grace Aaron helpfully explains that Pacifica isn't in default, for the simple reason that, while it may not be in compliance with its loan agreement's requirements, that... well... it's okay because you're not in default unless a judge formally rules that you're in default.
Also, that there's no possible problem renewing the massive outstanding loan because the buildings securing the loan haven't been sold out from under Pacifica.
And... what else was there...? oh, she offered the salient observation that there's no real problem because if Pacifica simply solves all its outstanding problems everything will be okay and there won't be any problems.
As to the character of the problems... she finds them horrifying and terrifying and appalling and unconscionable and also very bad.
Don't ask a mere pirate to explain this dazzling logic for you. It escapes a mere humble arrogant impertinent pirate's comprehension. I think my head is spinning. At least I hope it's spinning. If it's not spinning it may be permanently damaged... or the ship I'm not on is sinking.
It seems also, however, not to make infinite sense from a bookkeeper's perspective, as the latter part of this ~15:24 audio clip makes clear.
Clarity ≠ Pacifica
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