The MORALITY of U.S. Banks, U.S. GOV, and TARP

docuticker ^ | 5252010 | Brent T. White

[TheDailyChange]

"Responding to those who argue that homeowners who strategically default on their mortgages are immoral and socially irresponsible, this article argues that breaching a mortgage contract is not only morally acceptable, it may be the most responsible course of action when necessary to fulfill more important obligations to one’s family."

"If we are to go down this collective path, however, why is it that only homeowners and not financial Institutions are called to sacrifice their own economic well-being for the common good?"

AMEN!!!

[mlocher]

If the trend of strategic default continues, then banks will have to raise the criteria for lending money, CRA be d@mned.