After a week long vacation I came back to this monster long thread.
A couple of thoughts.
* I agree with everything CAR said. The bailouts actually hurt us, longterm. We’d have been better off without them.
* I’m troubled that someone who has no financial hardship thinks it’s morally ok to just stop paying. I, personally, couldn’t do it. I’m sure I’ll be called a ball-less bitch for admitting that I like to honor my word and contractual obligations.
* I keep thinking of the contractor I’m in litigation with. He received his NOD on his house in Oct. His NOT in Dec. He’s had 2 extensions on his trustee sale. He doesn’t qualify for HAMP because his loan’s too high. Yet he’s living rent free. I actually have a slight bit more sympathy for him since he’s faced financial hardship (contracting sucks these days)… But I still feel strongly that he shouldn’t get free rent. It bothers the crap out of me that my tax dollars are helping subsidize people who have the capacity to meet their contractual obligations but selfishly choose not to.
Bill – what you’re doing is legal. In my book, it’s not moral.
