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|User Info||Banking Double Standard - Again; entered at 2011-04-23 16:38:45|
Registered: 2010-10-31 US
I sure hope they appeal and get a real judge. ****rywide must be the most egregious example but all the big banks were gobbling up other banks and brokers and now they can point to this and walk away.|
It's just a giant shell game I guess where the acquirer strips out the assets and leaves behind a (wholly owned no less!)shell of liabilities and brings in the judge to tell everyone to go pound sand.
Anyone with any moral quibbles about strategically defaulting on anything owed to these bloodsuckers should read this.
And to think Congress approved the wholesale forging of foreclosure notarizations by voice vote. I know most here don't like O'Bama but thank god he vetoed that bit of highway robbery
I don't see why any parent company should ever be held responsible for the actions of a wholly owned subsidiary if this is the case.