Does anyone believe that when Morgan Stanley strategically defaulted on millions of dollars of commercial property in S.F. it was a moral issue?
Morality had nothing to do with it. Purely Business.
If it is a moral issue, there is no difference between a strategic default and a “necessary” one. Would you have both burned at the stake, or just the “strategic defaulter”. How about we reopen debtors prisons and throw all of the defaulters in – both individuals and business’s