Who suffers as a result of this payment? Corporations, including banks, have no money. They have stockholders. It’s the stockholders who pay when the value of their investment in the corporation goes down.
You’d think the stockholders would be up in arms about this.
suffers as a result of this payment? Corporations, including banks, have no money. They have stockholders. It’s the stockholders who pay when the value of their investment in the corporation goes down.
You’d think the stockholders would be up in arms about this.”
Let’s remember the source here, NYSlimes, then remember we heard this same narrative by the old media when the housing market collapsed because of the race-based loans agencies were forced to make to unqualified borrowers most of whom never intended to pay up. The secondary beneficiaries in this suit, maybe the primary, are the lawyers.