I sincerely hope it's not the case but this looks a lot like PanAm before the sh*t hit the fan. And Royla has been upping the ante on its bonuses lately. Pretty clear to me that this books is in some dire straits. They probably bit off more than they could chew with all of those account bailouts and generous bonuses...probably were hoping to just ratchet up the volume and get a larger piece of the market but with the way decisions have been going against the books it might be hitting them harder than they can afford. Hate to say it but I can't imagine why anyone would voluntarily play or keep a balance at this book. Reality sucks.
