The Civil Right to Work (July' 09) an e-book in the public domain page 4
Where employers do not repay the aforesaid loans, employees will be required to repay loans fairly owed by them when they are financially positioned therefor.
Elements of such loans may be written off by the Bank as not fairly repayable—under rules of the Bank—by either the borrowing employee or the co-signing employer.
Write-off of such "failed" loans in the public interest will be fully accounted for and explained by the Bank to oversight authority in Congress and the Departments of Labor and Commerce and as directed by the President.
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