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re: What's your opinion of people who are underwater on their mortgages?
Posted on 6/16/15 at 12:06 pm to Chad504boy
Posted on 6/16/15 at 12:06 pm to Chad504boy
If you're guided by morals, you pay it back. You borrowed the money and spent it as you wished. You owe the money back to the bank. Not the popular answer I'm sure, thus the preface.
1
Posted on 6/16/15 at 12:25 pm to Tiger-Striped-Bass
quote:
If you're guided by morals, you pay it back. You borrowed the money and spent it as you wished. You owe the money back to the bank. Not the popular answer I'm sure, thus the preface.
Meanwhile, a Fortune 500 company files for bankruptcy, gets years to restore its financial situation under court protection, pays creditors dimes on the dollar, and then what? The CEO emerges as a hero who ought to run for President.
If I were guided by "morals," they would've lead me and my family to the streets with our life savings in the hands of the poor, pitiful mortgage company.
Ask the Fortune 500 CEO. He knows.
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