But I am definitely not in favor of bank”st”ers, or of them skirting the law unpunished,
and i reply:
NOOOOOOO!!! if that’s the case, then the investors win. MBS transactions undone. Banks owe trillions. BANKS implode. govt attempts to reinflate. epic fail. we all die in a giant blazing ball of dung.
and why are parasites necessarily such a bad thing? arent they necessary in the natural order of things.[/quote]
I have to agree with walter on this.
If there is any justice then the contracts are void.
I think that most of us would agree that if we are sold a defective product, we can return it for our money back. And if the seller never delivers the product, then he needs to refund the money.
Same concept with financial products, and even more so if the paperwork was sloppy.
Depends, are you talking about an activist judge or a strict constructionist?
If I have a rep and warrant in my contract that you’re providing “goods and services” in a certain condition and you don’t provide them in that state, I certainly can sue for breach of contract.
As for the remedy for breach, that’ll be the big issue. Does the judge invalidate the transaction? Doubtful because of the mass chaos that’ll happen but I’m sure there will be a nice hefty financial penalty for failing to live up to one’s contractual obligations.
All stated with the caveat that I’m a transactional attorney not a litigator.
Depends, are you talking about an activist judge or a strict constructionist?
If I have a rep and warrant in my contract that you’re providing “goods and services” in a certain condition and you don’t provide them in that state, I certainly can sue for breach of contract.
As for the remedy for breach, that’ll be the big issue. Does the judge invalidate the transaction? Doubtful because of the mass chaos that’ll happen but I’m sure there will be a nice hefty financial penalty for failing to live up to one’s contractual obligations.
All stated with the caveat that I’m a transactional attorney not a litigator.
Depends, are you talking about an activist judge or a strict constructionist?
If I have a rep and warrant in my contract that you’re providing “goods and services” in a certain condition and you don’t provide them in that state, I certainly can sue for breach of contract.
As for the remedy for breach, that’ll be the big issue. Does the judge invalidate the transaction? Doubtful because of the mass chaos that’ll happen but I’m sure there will be a nice hefty financial penalty for failing to live up to one’s contractual obligations.
All stated with the caveat that I’m a transactional attorney not a litigator.
Depends, are you talking about an activist judge or a strict constructionist?
If I have a rep and warrant in my contract that you’re providing “goods and services” in a certain condition and you don’t provide them in that state, I certainly can sue for breach of contract.
As for the remedy for breach, that’ll be the big issue. Does the judge invalidate the transaction? Doubtful because of the mass chaos that’ll happen but I’m sure there will be a nice hefty financial penalty for failing to live up to one’s contractual obligations.
All stated with the caveat that I’m a transactional attorney not a litigator.
