Bodo
All I can say is that I think the banks will argue that they acted in good faith and provided loans to Grt Sthn clients, at the request of such clients, and such clients were provided with comprehensive documentation that described the nature of the investments being offered by Grt Sthn and the risks associated (including the risk of Grt Sthn insolvency) with such business matters.
Of course, lots of borrowers now argue they didn't read the documentation or didn't understand the documents but how can that be the lenders fault.
The banks might also argue that they were misled by Grt Sthn as to its financial viability in or about 2007 - 2008 but that does not provide grounds for all borrowers to stop repaying their loans.
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