bsrsharma, regardless of the amount, why would you call that fraud if the law were to permit it?
We’re talking about bailing out the irresponsible here. And there will be grave unintended consequences.
What do you think would be a legitimate reason for defaulting on a mortgage and getting relief? Would having crushing medical expenses apply? What about blowing all your salary in Vegas, drugs, or a boob job for your wife? What if you simply don’t feel like paying anymore? What if you quit your job and no longer don’t want to work?
More importantly, how would Congress write all of that into law?
