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Or, perhaps, government should simply let them figure it out by themselves. And by the way, loan provisions are not mandated by government but negotiated up fro

by HSO 17y ago

Or, perhaps, government should simply let them figure it out by themselves. And by the way, loan provisions are not mandated by government but negotiated up front. If you make a non-recourse loan, you won't get access to the borrower's personal assets even if his business goes belly-up.

jibiki 17y ago
> And by the way, loan provisions are not mandated by government but negotiated up front. If you make a non-recourse loan, you won't get access to the borrower's personal assets even if his business goes belly-up. I did not know that. Admittedly, I don't have any examples that work quite as well. Maybe medical malpractice... or is that just a breach of contract?