U.S. Court Sides with Bank to Stop Mortgage Loan Class Action

September 26, 2008

  • September 27, 2008 at 12:30 pm
    wudchuck says:
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    here’s my concern:

    what if it was me that loan someone else the money? i would be asking for it or going to court over it. is that not the same? afterall, the foreclosures is because the bank were taking you as a risk to loan you the money. but you the individual may have a job change and no longer make the money that you do. the economy may have laid you from your job. but did you not think about that when you got the loan? afterall, there is an company that insures folks that lose jobs for a variety of reasons.

    i think this as usual, that most folks want to sue because they don’t want to take the responsibility they signed the contract/loan. afterall, if we failed to make a pymnt on our car loan, does it not get repossessed? um…um… this affects are credit rating. why don’t we have one with the banking industry? why does it take so long for someone to see things going awry? so, for those many account holders of credit unions — have you looked into how they stand? afterall, you are a shareholder!



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