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Why I Defaulted on My Student Loans

Discussion in 'Sports and News' started by YankeeFan, Jun 9, 2015.

Page 4 of 26
  1. Dick Whitman

    Dick Whitman Well-Known Member

    If Bank of America offered me a $200,000 mortgage - hell, a $2 million mortgage - and said, "Nothing happens if you don't pay it back," yes, I would "knowingly misreprsent [my]self."
     
    Dick Whitman, Jun 10, 2015
    #37
  2. Dick Whitman

    Dick Whitman Well-Known Member

    Nay.

    Good business.
     
    Dick Whitman, Jun 10, 2015
    #38
  3. The Big Ragu

    The Big Ragu Moderator Staff Member

    Knowingly misrepresenting yourself for financial gain is not "good business." It's dishonesty. In the case of taking a loan you have no intention of paying back, it's theft. No matter how you rationalize it.
     
    The Big Ragu, Jun 10, 2015
    #39
  4. BTExpress

    BTExpress Well-Known Member

    Is there any evidence that the guy defaulting on his loans was told "nothing happens if you don't pay it back"?

    Ot isn't he just taking a chance and hoping for the best that "nothing happens" ?
     
    BTExpress, Jun 10, 2015
    #40
  5. TigerVols

    TigerVols Well-Known Member

    I take it none of you complaining about the author's moral failings...have ever been divorced?
     
    TigerVols, Jun 10, 2015
    #41
  6. cranberry

    cranberry Well-Known Member

    Well, that's still fraud even if the consequence would only be the loss of your credibility to whatever degree.
     
    cranberry, Jun 10, 2015
    #42
  7. Dick Whitman

    Dick Whitman Well-Known Member

    So Brian Kelly should be at Grand Valley State, not Notre Dame?
     
    Dick Whitman, Jun 10, 2015
    #43
  8. The Big Ragu

    The Big Ragu Moderator Staff Member

    I have no clue what the purpose of that question is. Is there a point?
     
    The Big Ragu, Jun 10, 2015
    #44
  9. BTExpress

    BTExpress Well-Known Member

    Did Brian Kelly receive money from Grand Valley State for any years he did not coach there?

    Was the school not paid any buyout agreed to beforehand upon his departure?
     
    BTExpress, Jun 10, 2015
    #45
  10. Dick Whitman

    Dick Whitman Well-Known Member

    Uh, oh, you broke the rules of the thought experiment. You aren't allowed to inject consequences.
     
    Dick Whitman, Jun 10, 2015
    #46
  11. Dick Whitman

    Dick Whitman Well-Known Member

    I don't know. What if there wasn't a buyout, for argument's sake? What if Brian Kelly signed a five-year contract at Grand Valley State, then, two years in, simply walked away to Cincinnati?
     
    Dick Whitman, Jun 10, 2015
    #47
  12. cranberry

    cranberry Well-Known Member

    Why wouldn't he go to the school and negotiate a contract settlement if he wanted to leave early? Is that not an alternative in your hypothetical?
     
    cranberry, Jun 10, 2015
    #48
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