teppi

The Economics and Ethics of Mortgage Default

User 303130,

I don't think he's referring to people with unexpected loss of income. Why are you so offended?

I agree, people who go in over their heads should not be bailed out. But in the end, we're still in a society where responsible people will somehow pay for the incompetent.

I'm sorry you lost your job, but if you feel you did your best, there's no reason to vent at others. If you're healthy and belong in the group of competent workers, I'm sure you will get through the hard times. Crap happens to good people even during good economy.

Greed will always get to people. It's just like prisoner's dilemma(sp?). Many will do what it takes to gain that extra million, even if it cost a billion to other citizens. Government need to put greed in check and I'm sure the rest will work out. Greed is the reason behind the messes we have.