"underwater" mortgages

[lumberjim]

Originally Posted by Pie

There's also the issue of 'fairness'. Businesses have been defaulting on their own 'bad' debt left and right; why should an individual not have the same recourse? If it's good enough for Wall Street, why is the consumer held to a higher standard?

seriously. are you suggesting that it should be alright for a mortgage holder to default on their loan because the value of the collateral is not what it once was...BECAUSE some businesses have defaulted on their obligations?
Seriously?

[xoxoxoBruce]

It's a legal option.

[Pie]

Originally Posted by lumberjim

seriously. are you suggesting that it should be alright for a mortgage holder to default on their loan because the value of the collateral is not what it once was...BECAUSE some businesses have defaulted on their obligations?
Seriously?

No. I am advocating that businesses not be allowed to do exactly that if their investments or speculations don't pan out.

Dual standards of morality are hypocritical.

[Spexxvet]

Originally Posted by Shawnee123

One of the huge problems in our society is people can't stand if someone is getting something they're not getting, or someone else is getting one over and they're not.

I won't succumb. I got nuttin' but it's all my nuttin' and it's honest nuttin'.

I want some of your nuttin'! I wanna have twice as much nuttin' as you got!

Originally Posted by TheMercenary

Yea, there is a new found class warfare. People who have less want the people who have more to give them some of what they don't have.

That is new. The old way was for the people who have more to want the people who have less to give them ALL of what they don't have.

[Shawnee123]

Originally Posted by Spexxvet

That is new. The old way was for the people who have more to want the people who have less to give them ALL of what they don't have.

And this is why they steal and thieve, the rat bastards. Gimme gimme gimme. I doubt the way to fight them is to join them. At the very least, they have my unmitigated disdain.