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Old 02-15-2007, 12:52 PM   #22 (permalink)
garysher
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Taxpayers don't pay for this, but investors do... Also consumers that use a particular bank's services and/or ATM's pay in higher fees.

>>>>>>>>>>>

How do oinvestors pay for people who default on their loans?

Lending institutions factor a percentage of bad loans into their budget, and then take them as a write-off at year-end