You hypocrites can have a field day with this one...from the left-wing Wall Street Journal...
What’s good for the Goose is good for the Gander.
Divide and Conquer!
By Emily Peck
So we’ve discussed the ethics of individual borrowers walking away from their mortgages. (Some say we’ve over-discussed it.) If it’s immoral, as some would say, for a borrower to walk away their mortgage, is it any different for a bank?
Morgan Stanley is doing just that. News reports on Thursday said the bank plans to give back five San Francisco office buildings to its lender–just two years after buying them at the top of the market.
“This isn’t a default or foreclosure situation,” spokeswoman Alyson Barnes told Bloomberg News. “We are going to give them the properties to get out of the loan obligation.”
Sound familiar?
I’m a hypocrites because of what exactly?