Comments on: Bank trying to get back the $16 million Marbury owes them http://probasketballtalk.nbcsports.com/2011/08/01/bank-trying-to-get-back-the-16-million-marbury-owes-them/ Basketball - NBC Sports Fri, 24 May 2013 19:32:31 +0000 hourly 1 http://wordpress.com/ By: pinhead2 http://probasketballtalk.nbcsports.com/2011/08/01/bank-trying-to-get-back-the-16-million-marbury-owes-them/comment-page-1/#comment-51124 Mon, 01 Aug 2011 22:32:38 +0000 http://probasketballtalk.nbcsports.com/?p=29063#comment-51124 Really? It’s the bank’s fault? That’s what you’re going with?

The bank loans on what at the time are viable properties, and they get a personal guarantee. The properties go into foreclosure (hmmm, wonder how that happened) and the bank then turns to the personal guarantee to collect the remaining balance. And in your mind the bank is wrong to do so.

Why yes, let’s DO place the blame on the person the money was loaned to instead of blaming the bank for making a loan in the first place. I think I know why you find it difficult to obtain a “proper” loan for yourself.

What if we took that attitude toward all the TARP loans???? You’re quite the financial visionary.

]]> By: florida727 http://probasketballtalk.nbcsports.com/2011/08/01/bank-trying-to-get-back-the-16-million-marbury-owes-them/comment-page-1/#comment-51097 Mon, 01 Aug 2011 17:53:39 +0000 http://probasketballtalk.nbcsports.com/?p=29063#comment-51097 Let me see if I read this right. The bank accepted his collateral to secure the loan. Doing all of their due diligence of course, they (the bank I mean) verified the worthiness of the collateral, in this case ‘property’. Now that it becomes clear that the property used for said collateral is foreclosed, they want Marbury to personally foot the bill? Good luck with that. Yeah, let’s place the blame on the person the money was loaned to instead of actually holding the bank accountable for their failure to make a proper loan. Of course, it is their business. Why should we expect them to actually do it properly?

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