> A real equivalency is stealing from walmart "because they can afford it" That's not a real equivalent at all. Walmart could press charges and recoup their lo

> A real equivalency is stealing from walmart "because they can afford it" That's not a real equivalent at all. Walmart could press charges and recoup their loss through legal action. Stealing from Walmart is illegal. Defaulting on a contract is not illegal. That's precisely why we have contracts in the first place. It spells out what would happen in a default, and both parties voluntarily enter into the agreement. If one party is not happy with the terms of default then they shouldn't sign the contract. In a no recourse default, it is literally spelled out in the contract: "If you default, the lender will not be come after your other assets".