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Why I Defaulted on My Student Loans

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

Page 5 of 26
  1. Dick Whitman

    Dick Whitman Well-Known Member

    Why would he?
     
    Dick Whitman, Jun 10, 2015
    #49
  2. cranberry

    cranberry Well-Known Member

    Because he is attempting to break a contractual agreement he entered in good faith and to which he has remaining obligations. Otherwise he is in breach of the contract.
     
    cranberry, Jun 10, 2015
    #50
  3. The Big Ragu

    The Big Ragu Moderator Staff Member

    Has Brian Kelly ever breached a contract or committed fraud for financial gain? If not, can we get back to the topic the whole Brian Kelly thing was designed to obfuscate?
     
    The Big Ragu, Jun 10, 2015
    #51
  4. Dick Whitman

    Dick Whitman Well-Known Member

    So what? What leverage would GVSU possibly have in that negotiation?
     
    Dick Whitman, Jun 10, 2015
    #52
  5. Dick Whitman

    Dick Whitman Well-Known Member

    He's left jobs with years remaining on his deal.
     
    Dick Whitman, Jun 10, 2015
    #53
  6. The Big Ragu

    The Big Ragu Moderator Staff Member

    Did Brian Kelly ever breach a contract? He may have -- I am just not aware of it. If so, give us details and how it relates to this.
     
    The Big Ragu, Jun 10, 2015
    #54
  7. Dick Whitman

    Dick Whitman Well-Known Member

    Brian Kelly had a contract. He broke that contract. In so doing, he suffered the consequences as spelled out in that contract, namely paying the buyout.

    How is this different, again, than what the New York Times writer did?
     
    Dick Whitman, Jun 10, 2015
    #55
  8. cranberry

    cranberry Well-Known Member

    Maybe he thinks his future ability to enter agreements might be affected? Maybe he is concerned about his reputation? Maybe he thinks he would be better able to look at himself in the mirror? Maybe he wants to be a good example for his kids?

    I get that you don't think it's particularly important, even foolish in some instances, but there are many good reasons for conducting one's business in an honorable and responsible way.
     
    cranberry, Jun 10, 2015
    #56
  9. The Big Ragu

    The Big Ragu Moderator Staff Member

    Wait. There was a buyout clause in his contract? If that is the case, you are incorrect. He didn't breach any contract. The contract spelled out terms in which he could leave. He lived up to those terms if he paid a buyout.

    This has ZERO to do with someone who does NOT live up to the terms of an agreement. He did, if you are telling me he paid a buyout.
     
    The Big Ragu, Jun 10, 2015
    #57
  10. Songbird

    Songbird Well-Known Member

    Brian Kelly: n. American college football coach (also see: barometer for financial morality)
     
    Songbird, Jun 10, 2015
    #58
  11. Ace

    Ace Well-Known Member

    Businesses make decisions every day to do things in their best interest knowing it hurts others. They will bankrupt others or nickel and dime employees without a thought.

    SOME FOLKS are those who never complain about shady business practices but vent on individuals who aren't pulling hard enough on the bootstraps.

    Most corporations would renege on a loan like that if it added a nickel to the bottom line.
     
    Last edited: Jun 10, 2015
    Ace, Jun 10, 2015
    #59
    Dick Whitman likes this.
  12. Dick Whitman

    Dick Whitman Well-Known Member

    All consequences.
     
    Dick Whitman, Jun 10, 2015
    #60
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