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UCGal
Participant[quote=AN]I’ll let you in a little secret… I’ll be passing this house down to my kids.[/quote]
Me too – except I might *sell* it to them rather than give it to them. Kids should have to work for stuff.
Participant[quote=AN]I’ll let you in a little secret… I’ll be passing this house down to my kids.[/quote]
Me too – except I might *sell* it to them rather than give it to them. Kids should have to work for stuff.
ParticipantWhat about spraypainting the cabinets and floors. Legal, but not ethical, IMO.
ParticipantWhat about spraypainting the cabinets and floors. Legal, but not ethical, IMO.
ParticipantWhat about spraypainting the cabinets and floors. Legal, but not ethical, IMO.
ParticipantWhat about spraypainting the cabinets and floors. Legal, but not ethical, IMO.
ParticipantWhat about spraypainting the cabinets and floors. Legal, but not ethical, IMO.
June 30, 2009 at 8:22 AM in reply to: Nouriel Roubini: Help for homeowners – Cut their Principal #422298ParticipantThis is the classic conflict between Moral Hazard and Business Bottom line.
It makes sense for the banks to limit their losses. If I were a shareholder of the bank I would hope they were considering that option.
But the moral hazard is there – rewarding people who bought inflated assets. No rewards for people who were more prudent with their purchases or who sat on the sidelines.
Interesting problem.
June 30, 2009 at 8:22 AM in reply to: Nouriel Roubini: Help for homeowners – Cut their Principal #422527ParticipantThis is the classic conflict between Moral Hazard and Business Bottom line.
It makes sense for the banks to limit their losses. If I were a shareholder of the bank I would hope they were considering that option.
But the moral hazard is there – rewarding people who bought inflated assets. No rewards for people who were more prudent with their purchases or who sat on the sidelines.
Interesting problem.
June 30, 2009 at 8:22 AM in reply to: Nouriel Roubini: Help for homeowners – Cut their Principal #422801ParticipantThis is the classic conflict between Moral Hazard and Business Bottom line.
It makes sense for the banks to limit their losses. If I were a shareholder of the bank I would hope they were considering that option.
But the moral hazard is there – rewarding people who bought inflated assets. No rewards for people who were more prudent with their purchases or who sat on the sidelines.
Interesting problem.
June 30, 2009 at 8:22 AM in reply to: Nouriel Roubini: Help for homeowners – Cut their Principal #422869ParticipantThis is the classic conflict between Moral Hazard and Business Bottom line.
It makes sense for the banks to limit their losses. If I were a shareholder of the bank I would hope they were considering that option.
But the moral hazard is there – rewarding people who bought inflated assets. No rewards for people who were more prudent with their purchases or who sat on the sidelines.
Interesting problem.
June 30, 2009 at 8:22 AM in reply to: Nouriel Roubini: Help for homeowners – Cut their Principal #423031ParticipantThis is the classic conflict between Moral Hazard and Business Bottom line.
It makes sense for the banks to limit their losses. If I were a shareholder of the bank I would hope they were considering that option.
But the moral hazard is there – rewarding people who bought inflated assets. No rewards for people who were more prudent with their purchases or who sat on the sidelines.
Interesting problem.
ParticipantIt is one thing to make a cold, calculated gamble that the credit hit is worth the credit hit and underwater-ness.
It is another thing to intentionally trash a house.
At that point – it’s not “their” house anymore – it’s the banks. They’ve stopped paying. Yet they are going to “trash” it. That is vandalism.
I’m with TG on this. What they are doing may be legal. But it isn’t ethical.
ParticipantIt is one thing to make a cold, calculated gamble that the credit hit is worth the credit hit and underwater-ness.
It is another thing to intentionally trash a house.
At that point – it’s not “their” house anymore – it’s the banks. They’ve stopped paying. Yet they are going to “trash” it. That is vandalism.
I’m with TG on this. What they are doing may be legal. But it isn’t ethical.
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