Morality Of Defaulting On Secured Loans
February 13, 2010
Mike The Mad Fucking Biologist has an interesting post up today about defaulting, or threatening to default, on mortgages.
Corporations default on secured loans every fucking day simply as a business judgment, and no one says jack fuck about it being some sort of “moral failure”. And they threaten to default to renegotiate eleventeen fuckjillion times a day. Moralizing about home-owners defaulting on mortgages or threatening to default is nothing but corporate plutocrat propaganda.