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re: Is "walking away" from a mortgage wrong?
Posted on 10/11/12 at 9:06 am to LSUAfro
Posted on 10/11/12 at 9:06 am to LSUAfro
When the bank lends me money at LIBOR, I will start feeling a moral obligation to repay.
Banks are just credit arbitrage machines. If you don't default, you are actually getting screwed, as you have subsidized the defaults of others.
Banks are just credit arbitrage machines. If you don't default, you are actually getting screwed, as you have subsidized the defaults of others.
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