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To: RobRoy
That part is not part of the agreement the borrower made with the bank.

As I had no part in the agreement with the Bank and the borrower, why should I be stuck footing the bill?

We see the results of moral hazards and "too big to fail." If the banks were indeed "too big to fail" they could've (and should've) been forced to absorb the loss in the first place.

118 posted on 02/23/2010 6:44:01 PM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: usconservative

>>As I had no part in the agreement with the Bank and the borrower, why should I be stuck footing the bill?<<

You’ll have to speak to your representative about that.


122 posted on 02/23/2010 10:13:41 PM PST by RobRoy (The US today: Revelation 18:4)
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