Well, I don’t want to go to jail either, but I would be very happy if:
(a) borrowers who can afford to pay off some negative equity that is subject to a recourse loan, but trying to avoid it, were exposed as the untrustworthy cheats of their creditors that they are, and
(b) lenders who are not even making a good-faith effort to recover on recourse loans, and who are planning to participate in a later bailout, were also exposed as the untrustworthy cheats of the taxpayers that they are.
It wouldn’t surprise me if, whatever legal grounds the executive is now claiming, the real reason he is trying to silence ocrenter is because his unnecessary failure to pay his debts has been exposed to all.
