If the premise is:
'The loans as written were legit.....and as such, it's not Imsc's money not to pay back, it's PP investors money.'
Excuse me for one minute, loaning money legally and then telling the borrower 'if you seek alternative financing to pay us back before we say? We'll bankrupt you.' That's a form of extortion.
So what some are saying here is, if a bank wrote and gave you a loan for your new house on a 30 year mortgage, and you tried to refinance with another bank three years later? They could threaten to take your house from you tomorrow and kick you out?
But it's the banks money, it's not yours.
Sure it is the banks money, but the bank cannot extort money from you based on a legitimate loan. Why?
It's called ILLEGAL.
This is so basic.
