1. 

   Imobilehome

   February 10, 2012 at 3:25 pm

   I don’t think he’s 100% accurate in saying we’re the ONLY country where people borrow money and don’t pay it back.  People walk away from all kinds of things, not just houses both here in American and abroad.  There’s no way to hold them  completely accountable in truth.  Sad state of affairs, but real nonetheless…

   As far as the government slowing the housing recovery, that could be closer to the truth. I like the basic idea of survival of the fittest.  When you’re in business, you succeed or fail on your own.  Well, at least you used to…
2. 

   Duke_Ganote

   February 12, 2012 at 3:39 pm

   Concur with ImobileHome.  Bankruptcy gets you “out of debt” on a personal basis.  And what’s the difference between that and a limited liability corporation where you’re not personally liable for corporate debts?  There’s a moral hazard on both sides; seems more individuals are exercising it now.

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