Home
News
- Economy
- Swine Flu News
- Local News
- Law & Order
- Education
- Public Notices
- State News
- National News
- Obituaries
- Health
- Corrections
- Immigration
- Info Center
- Military
Sports
Entertainment
- Local Entertainment
- Games
- Contests
- Lottery
- Movies
- Events
- One Book Yuma
- Cinema Series
- National Entertainment
- Horoscopes
- Parade >>
  - Games
  - Celebrity
  - Health
- TV Listings
Opinion
Features
Business
Life
Contests
Blogs
Interact
- Mobile
- Text Alerts
Visit
- Events
- Businesses
- RV Parks
- Coupons

| Print Story | E-Mail Story | Font Size smallest

Legislators stop rip-off by banks

Comments 0

December 06, 2009 4:49 PM

Agree or disagree? Click here to send letters to the editor.

Hooray for the vote by state lawmakers when they voted recently to not allow the banking industry to rip off the people of Arizona by pursuing them financially after foreclosures.

Tanya Wheeless, president of the Arizona Bankers Association, was upset that if a bank in Arizona used bad banking practices and loaned money to someone with no "skin" in the project - who then defaulted on the loan and the bank repossessed a property that was worth less than they loaned - then the bank was stuck with making a bad loan. Duh!

We just bailed out a bunch of banks for doing just that and so far I have found no one that agreed with that either.

Thank you Arizona lawmakers (at least 20 out of 24 of you).

MIKE GORMAN
Wellton

See archived 'Opinion' stories »

Reader Comments

From the editor: Many of you have expressed concerns about some of the harsh anonymous comments from readers. To remedy that, we are introducing new features. You can create your own blog, publish your news and share your photos with the community. Once you fill out a simple form and leave a verifiable e-mail address, you can set up your profile page. It will display all of your contributions and allow you to track issues and easily connect with others.

We want our site to be a place where people discuss and debate ideas that foster stronger communities. We built this for you. Please take care of it. Tolerate broad thinking, but take action against obscene or hateful material. Make it a credible and safe place worth preserving and sharing.

Please wait while we process your request

Please wait while we retrieve the user's information

Bio

Your bio is currently empty. Now is a great time to fill in your profile.

This profile is private.

This profile is only shared with friends.

This profile is under review.

We were unable to request friendship with this user.

We were unable to request friendship with this user. Are you logged in?

Your friendship request has been sent to this user.

We were unable to terminate friendship with this user.

We were unable to terminate friendship with this user. Are you logged in?

You are no longer friends with this user.

We were unable to ignore this user.

We were unable to ignore this user. Are you logged in?

This user is now ignored.

We were unable to stop ignoring this user.

We were unable to stop ignoring this user. Are you logged in?

This user is no longer ignored.

pluck_user_mp-abuse_too_long_err

1 comment

Sort:

Score: 0

Name withheld

fribble

12:54 PM on December 7, 2009

This comment is hidden because you have chosen to ignore fribble. Show Details Hide Details

The banks should, however, go after people who trash the house and/or and steal appliances, cabinets, ceiling fans, etc. when their home is foreclosed upon.

Please wait while we file your abuse report.

We're sorry. We were unable to report abuse at this time.

Type Comment
(optional)

Please wait while we send the email.

We're sorry, but the comment you are sending has been removed from the site.

We're sorry. We were unable to send the comment at this time.

Please specify a recipient.

You can only send messages to 5 addresses at a time.

The address "" is not valid.

Subject

Please specify a subject.

Comment
(optional) Send Cancel

Score
vote upvotes up
vote downvotes down

Weather

Find it

News Alerts

81.0°F

Fair and 81.0°F
Winds South at 4.6 MPH (4 KT)
Last Update: 2010-09-09 00:20:24

YumaSun.com is a-Twitter! Sign up today to follow YumaSun and get e-mail and/or cell phone alerts of the latest breaking news, weather forcasts, and sports stories.