Developers Lose Money on Ski Resorts, Seek to Sue The Bank
By Rocky Thompson on July 29th, 2011
You wouldn’t pay for our crappy, overpriced ski resort homes at Idaho’s Tamarack Resort and Montana’s Yellowstone Club? Well, we want the money anyway. Two resorts that developed the hell out of their property and then didn’t sell anything are seeking to win back some money from Credit Suisse. They’re saying the bank engaged in predatory lending and overinflated the value of these supposed investments.
You can sue for making bad choices now? It’s so nice that no one’s responsible for their own decisions anymore.
Tags: ski resort, Skiing, Snowboarding
A developer is suing someone else for overinflating an investment? Go back under your rock, whiner.
Its kind of a fine line. The banks really did over inflate prices and lend money to just about anyone. They had a huge role in the entire meltdown but in the end, the investor signed the loan docks. That’s all that matters in court.
How is it a fine line? It’s not like anyone had a gun to their head or hid how the loans that were approved really worked. This is 2nd grade math people. You either have the money to pay for a loan or you don’t. Just because people are willing to approve you doesn’t not mean they are guilty in anyway once you can’t pay for it. But somehow this is all repubs fault though right, or better yet lets blame the american peoples irresponsibility on G W. Bottom line is people thought they could make money Vegas style but without risk and now everyone’s pissed that they rolled snake eyes.