Now an article about the morality of walking away from a mound of debt leveraged against worthless property.
Link: http://www.chicagotribune.com/business/ct-biz-0522-strategic-defaults--20110522,0,3910292.story
Which raises a few questions - Why is the impetus or obligation put on the consumer to be moral when there's not the slightest incentive to the banks to be moral? Was it not the bank's own sketchy lending practices that helped them purchase, arguably forced them to purchase a house for several times what it was worth, was it not the banks own greed that in the end saw consumers going bankrupt and ended by deflating the prices of properties across the USA? If all consumers were as amoral as the banks we'd soon find ourselves living in a kinder, gentler world where the impetus for organizations was not the quick and easy buck but building confidence and loyalty amongst consumers through transparent and credible dealings with their clients.