Quote:
Originally Posted by Seahawk
There are a thousand permutations in a contract, in life. How you deal with them gets to the heart of the person.
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I agree with this to a point, and certainly respect your views on this board. You strike me as someone with a pretty clear moral compass.
But each person is different—as are the circumstances of each contract and the manner in which that contract was negotiated and agreed. A lifetime in the law has taught me that law and justice are two different things and that the law is frequently an ass. I can certainly visualize scenarios where walking away from some serious negative equity is a choice I would make. I certainly wouldn't do that lightly—but I can imagine such a scenario nevertheless.
My field was corporate finance and I spent many years working with banks all over the world. Strangely (or perhaps not) I have very little respect or sympathy for the banking profession today. When it came down to the short strokes I have never, ever seen a bank make a decision by reference to moral principles. Never.