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re: Trump owes lenders $450 million yet there were no complaints from the lenders.

Posted on 2/18/24 at 7:27 am to
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
27888 posts
Posted on 2/18/24 at 7:27 am to
If James continues to use it they will start. It's a carte blanche for government to actively interfere with financial transactions "on behalf of the public good" You'll hamstring banks, but more importantly you'll hamstring borrowers and create a credit crunch if used like this
Posted by loogaroo
Welsh
Member since Dec 2005
31286 posts
Posted on 2/18/24 at 7:33 am to
quote:

You'll hamstring banks, but more importantly you'll hamstring borrowers and create a credit crunch if used like this


I made this point in another thread without knowing they used a real and enforceable law. The banks have to be bitching about this. I’m sure there will be repercussions filtering down through the legislature.
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