1. About Aruba Banking: Questions?
Aruba’s Banking System. Is it an Illegal fixed Monopoly?
Why are fixed interest rates in Aruba at 8% for home loans with 30 to 40% down
and a personal guarantee also attached to all home loans whilethe interest rate in
Holland is at 4%?
How is it there are no particular rules for the sale of the troubled assets where
Bank employees are able to then buy these discounted foreclosed homes or autos
sometimes as low as 30% of the estimated value?
In that atmosphere it seems like the Bank can use those foreclosed assets as an
incentive or payoff to employees to generate even more foreclosures pitting
community members against each other as the Bankers smile and get wealthy.
If I work for XYZ Bank and want a house I just let it be known. When Juan’s house
that is in the troubled asset category goes on the auction block I as a Bank
employee get it as the bidding system is allegedly rigged in my favor by a Bank
who working under seemingly no rules can sell at whatever price they chose to
whomever they please.
This not only works for Houses but for cars also. Remember the Banks ask for a
personal guarantee always. You would think a 300K house that has 200K
borrowed against it would be sufficient collateral? Not so. If that Bank employee
buys the house the Bank sells it to that said employee below market value
allegedly as much as 70% claiming that’s all they can get.
The next suspected move the Bank makes is to go after the personal guarantee of
the borrower. Your wages and your spouses, existing assets such as cars,
property, investments, pension plans and anything that you have that can be
turned into cash they are after. There is no real value in the Bank’s process of
closing that loan down when they can garnish your wages for years with the now
trumped up interest on that troubled loan. That interest rate now explodes to
18% or 180 a year of every thousand you borrow plus added costs for their

2. trouble to chase you down. Remember they allegedly make the rules as they hold
power and position allegedly over the politicians and courts in Aruba with their
system of taking care to have people that allegedly favor them in key decision
making positions throughout the system.
You have not a clue of how entrenched they allegedly have become. In Aruba the
courts are allegedly working in favor of the power. The Bankers are the 800 Lb.
Gorilla in the room and you probably stand little chance against their money,
attorneys and position they hold within the community. Their attorneys are on
retainer and using them in this manner allegedly has proven lucrative to their
bottom line.
Car Sales and the advertised special deals aresuspected to be generally a trap. The
Car Dealers are working with the Banks. The Banks are looking for specific
borrowers to help sell cars to. Many times it’s the younger crowd that gets caught
up in these alleged traps. You in your 20’s are a good risk if you have a job and
parents that will co-sign your personal guarantee as the Bank then can go after
their assets in many cases. The house your parents have just about paid off as
they approach retirement could be on the auction block if you fail to keep up with
your payments. A 40K car discounted to 15 K and sold to the Executive director’s
son at the Bank is the avenue to your parents’ house. Since you have nothing of
value they immediately go to your parents’ homestead to satisfy the outstanding
loan. It is happening now in Aruba as the Courts and Banks are just conducting
business as usual.
Here’s how it looks to be fixed.
1. There is no competition that brings those inflated
interest rate numbers lower. They are a full 100%
higher than in Holland.
2. If you should get into trouble allegedly no Bank in
Aruba crosses another Banks business. Let me

3. repeat allegedly no other Bank steps in to save you.
It’s there behind the scenes suspected unwritten law
so they aren’t competing with each other. In that
atmosphere the Banks are working allegedly
together to guarantee that your loans will stay
troubled and that there is little competition they
have to worry about once they get your signature on
that original loan contract.
3. In that atmosphere the Banks win, the Car dealers
win and those that are really the honest producers in
the community become alleged prey to these
suspected predators who are really taking your
assets in a trap they have set for you.
4. If you can’t pay cash for it you don’t need it. Stop
buying stuff you don’t need with cash you don’t have
and making these BANKS get rich off your misery.
5. Banks have more power than any Institution on
earth. In any case they can pick and choose whom to
lend money to and whom to deny. It’s alleged they
are not looking for clear cut financially viable clients
but those who have assets and collateral, with
marginal ability to pay the loan or are entering into
an alleged business trap where they can allegedly

4. gain access to that collateral. If they are teamed with
a business owner who has lease agreements that are
considered illegal in Banking but there are no laws
against those here you have the potential making of
a heartache for the borrower and a windfall for the
alleged perpetrators of this enterprise.
6. JUST BE AWARE AND WARN YOUR NEIGHBOR