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I’m curious about the moral qualms bit. I suppose I was raised differently (and in NZ/Australia, too) by my parents, but I read an article recently that was on
by girvo 9y ago
I’m curious about the moral qualms bit. I suppose I was raised differently (and in NZ/Australia, too) by my parents, but I read an article recently that was on HN about a man who lost maybe $110,000 servicing an underwater mortgage that was due to the GFC. Where do those “morals” stem from?
- scarface74 9y agoSome people think it's a moral responsibility to pay back a debt to the bank. The banks had no qualms about taking taxpayers money and paying people millions in bonuses. The mortgage was a simple contract. If I didn't pay the mortgage they had the right to take the house. They exercised their right.
- girvo 9y agoExactly. The banks can and will screw you over, and they caused the damned issues in the first place! Morals have no place here, I think.