Thread: Bank of America Now Gives Credit Cards to Illegals
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Old 02-15-2007, 03:02 PM   #23 (permalink)
Jefferson
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Quote:
Originally Posted by garysher View Post
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
Absolutely! That's ONE of the things they do.

What it ALWAYS boils down to is that the honest consumer ALWAYS pays for the crap of others.