Home › Forums › Closed Forums › Buying and Selling RE › Ethical considerations (none) for defaulting on non-recourse loan.
- This topic has 265 replies, 18 voices, and was last updated 15 years, 7 months ago by
NotCranky.
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AuthorPosts
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July 18, 2009 at 11:29 AM #434146July 18, 2009 at 12:17 PM #433444
CA renter
ParticipantAbsolutely true, analyst.
Again, good posts.
July 18, 2009 at 12:17 PM #433646CA renter
ParticipantAbsolutely true, analyst.
Again, good posts.
July 18, 2009 at 12:17 PM #433956CA renter
ParticipantAbsolutely true, analyst.
Again, good posts.
July 18, 2009 at 12:17 PM #434028CA renter
ParticipantAbsolutely true, analyst.
Again, good posts.
July 18, 2009 at 12:17 PM #434191CA renter
ParticipantAbsolutely true, analyst.
Again, good posts.
July 18, 2009 at 12:37 PM #433463patientrenter
Participantanalyst, when I read your argument, what I see is, to paraphrase: “Those people over there guarding the gold at Fort Leavenworth left the door open. Other people are stealing the gold. Let’s blame the people who left the door open, and not assign any blame or responsibility on the people who stole the gold. Hell, they hardly even stole it, because whenever you see a door open, everything inside is yours for the taking.”
I’m sure it’s not how you see it. But it sure is very convenient to pretend that only the guardians of the gate are responsible, and those who take advantage of the unguarded gate are blameless.
By the way, TG, I think your writing style, and even just your style of arguing and dealing with others, is remarkable. I hope you’re being paid a lot for what you do at work. I know a lot of people in the industry I work in who appear less capable, and who are making over $500K/yr, or even over $1 mill/yr.
July 18, 2009 at 12:37 PM #433666patientrenter
Participantanalyst, when I read your argument, what I see is, to paraphrase: “Those people over there guarding the gold at Fort Leavenworth left the door open. Other people are stealing the gold. Let’s blame the people who left the door open, and not assign any blame or responsibility on the people who stole the gold. Hell, they hardly even stole it, because whenever you see a door open, everything inside is yours for the taking.”
I’m sure it’s not how you see it. But it sure is very convenient to pretend that only the guardians of the gate are responsible, and those who take advantage of the unguarded gate are blameless.
By the way, TG, I think your writing style, and even just your style of arguing and dealing with others, is remarkable. I hope you’re being paid a lot for what you do at work. I know a lot of people in the industry I work in who appear less capable, and who are making over $500K/yr, or even over $1 mill/yr.
July 18, 2009 at 12:37 PM #433976patientrenter
Participantanalyst, when I read your argument, what I see is, to paraphrase: “Those people over there guarding the gold at Fort Leavenworth left the door open. Other people are stealing the gold. Let’s blame the people who left the door open, and not assign any blame or responsibility on the people who stole the gold. Hell, they hardly even stole it, because whenever you see a door open, everything inside is yours for the taking.”
I’m sure it’s not how you see it. But it sure is very convenient to pretend that only the guardians of the gate are responsible, and those who take advantage of the unguarded gate are blameless.
By the way, TG, I think your writing style, and even just your style of arguing and dealing with others, is remarkable. I hope you’re being paid a lot for what you do at work. I know a lot of people in the industry I work in who appear less capable, and who are making over $500K/yr, or even over $1 mill/yr.
July 18, 2009 at 12:37 PM #434048patientrenter
Participantanalyst, when I read your argument, what I see is, to paraphrase: “Those people over there guarding the gold at Fort Leavenworth left the door open. Other people are stealing the gold. Let’s blame the people who left the door open, and not assign any blame or responsibility on the people who stole the gold. Hell, they hardly even stole it, because whenever you see a door open, everything inside is yours for the taking.”
I’m sure it’s not how you see it. But it sure is very convenient to pretend that only the guardians of the gate are responsible, and those who take advantage of the unguarded gate are blameless.
By the way, TG, I think your writing style, and even just your style of arguing and dealing with others, is remarkable. I hope you’re being paid a lot for what you do at work. I know a lot of people in the industry I work in who appear less capable, and who are making over $500K/yr, or even over $1 mill/yr.
July 18, 2009 at 12:37 PM #434211patientrenter
Participantanalyst, when I read your argument, what I see is, to paraphrase: “Those people over there guarding the gold at Fort Leavenworth left the door open. Other people are stealing the gold. Let’s blame the people who left the door open, and not assign any blame or responsibility on the people who stole the gold. Hell, they hardly even stole it, because whenever you see a door open, everything inside is yours for the taking.”
I’m sure it’s not how you see it. But it sure is very convenient to pretend that only the guardians of the gate are responsible, and those who take advantage of the unguarded gate are blameless.
By the way, TG, I think your writing style, and even just your style of arguing and dealing with others, is remarkable. I hope you’re being paid a lot for what you do at work. I know a lot of people in the industry I work in who appear less capable, and who are making over $500K/yr, or even over $1 mill/yr.
July 18, 2009 at 1:04 PM #433483jonnycsd
ParticipantKev374 wrote:
IF taxpayers were not involved in any way and the system was 100% freemarket, i.e. banks would take losses and shut down then I see absolutely no problem with walking away…it is between the borrower and the bank.
But because of the bailouts this is affecting everyone now so yes it is unethical.
So what you are saying is that the government is spending your money unethically? Thats an argument I can understand – even though the Govt, misguided as it may be, is just clumsily trying to choose the lesser of two evils.
July 18, 2009 at 1:04 PM #433686jonnycsd
ParticipantKev374 wrote:
IF taxpayers were not involved in any way and the system was 100% freemarket, i.e. banks would take losses and shut down then I see absolutely no problem with walking away…it is between the borrower and the bank.
But because of the bailouts this is affecting everyone now so yes it is unethical.
So what you are saying is that the government is spending your money unethically? Thats an argument I can understand – even though the Govt, misguided as it may be, is just clumsily trying to choose the lesser of two evils.
July 18, 2009 at 1:04 PM #433996jonnycsd
ParticipantKev374 wrote:
IF taxpayers were not involved in any way and the system was 100% freemarket, i.e. banks would take losses and shut down then I see absolutely no problem with walking away…it is between the borrower and the bank.
But because of the bailouts this is affecting everyone now so yes it is unethical.
So what you are saying is that the government is spending your money unethically? Thats an argument I can understand – even though the Govt, misguided as it may be, is just clumsily trying to choose the lesser of two evils.
July 18, 2009 at 1:04 PM #434067jonnycsd
ParticipantKev374 wrote:
IF taxpayers were not involved in any way and the system was 100% freemarket, i.e. banks would take losses and shut down then I see absolutely no problem with walking away…it is between the borrower and the bank.
But because of the bailouts this is affecting everyone now so yes it is unethical.
So what you are saying is that the government is spending your money unethically? Thats an argument I can understand – even though the Govt, misguided as it may be, is just clumsily trying to choose the lesser of two evils.
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