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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (917932)	1/28/2016 5:46:46 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1573599

Jlallen, actually BC brings up a set of myths that way too many people believe in. One of them is the concept that someone is entitled to free goods or services if the provider doesn't strictly follow every rule and regulation demanded of them by law. Well great, next time I buy a car, I'll borrow as much as I can, then pray that the lender makes a typo on the loan documents. Woohoo, free car! The next myth is that banks didn't pay anything for the financial crisis. There is some truth to that given how the federal government essentially bailed them out, but in reality they took massive hits to their balance sheets, especially the smaller ones that never recovered. The final myth is that the banks somehow want to foreclose on homes. The truth is that each foreclosure costs the bank tens of thousands of dollars, and that is in addition to the loss that the bank takes on the depreciated value of the home. Banks are in the business of making money, and it is far more advantageous to them to keep loans alive than to foreclose. Tenchusatsu