Fuck that. Strategic defaults are such a infinitesimal part of this drama it’s negligible. It’s still at historical averages because of peoples misplaced morals, fear and shame. You went into a contract with a gangster syndicate that used the media and government to pump up an asset bubble for whatever reason.
Breaking a contract with these gangsters is the “right” thing to do. Besides the bank did not put up collateral or “consideration” in legal speak. It was just a ledger entry as the created the money with a keystroke.
Default away and feel good about it. Don’t listen to all these whinny bitches about moral and ethics. It is completely “bottom line” from top down. There is no reason to follow a set of ethics that the other party in the contract is not expected to.
