From Joe Weisenthal at Business Insider, the story of the Long Island retail developer who was comfortable in a nice $40 million loan, until the lenders began waving their tempting if predatory offers to borrow more than that.
From Joe Weisenthal at Business Insider, the story of the Long Island retail developer who was comfortable in a nice $40 million loan, until the lenders began waving their tempting if predatory offers to borrow more than that.
5 Comments
Normally i would complain about how the system coddles the stupid and so on but…
screw that. i am going to get a credit card, a massive loan, and buy lots of expensive stuff, pay for none of it, and then sue them for giving me that much credit. this is awesome.
(note, for the irony impaired, i was being sarcastic. Admittedly its hard to tell these days.)
Wouldn’t it be great if the jury returned a verdict in favor of the borrower, but didn’t award any damages because jurors were afraid of being sued by the borrower should the verdict be too high?
The government is going to sue me for giving it too much money. Then it will go after the deep pocket – China.
Bob: You have very nice dreams. In mine, the gov’t loses its suit against me and I get treble punitives!
Speaking of strip malls, I’ve been to several and not one of them had an actual strip joint. Isn’t that false and misleading advertising, and haven’t I been damaged in some way? Any lawyers out there who can help me cash in?