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Debt, finance, and mathmatics
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CRJ
Posted 7/17/2009 11:30 (#778825 - in reply to #778485)
Subject: RE: Debt, finance, and mathmatics


NEIN
Perhaps it is because our monetary system is based on trust, after all, if not, dollar bills are just green paper. When asking what a guy should do because a person is upside down on a loan there is really only one answer, pay it back regardless of asset values, period. The banker trusted you to repay the loan so do it. Same as always, a simple moral question. Unless of course your a multi national corporation, then just do what ever the heck you want. tic
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