Look at this report here:
This is the piece that's interesting to me:
"....There's a moral component to that decision, of course. ...... But remember that companies default on their obligations when it makes financial sense for them to do so, via the bankruptcy process. Even the Mortgage Bankers Association itself, in a flourish of irony, arranged for a short sale of its Washington headquarters. It's not personal; it's business. So think of strategic default as a business decision, and do a cold-eyed cost-benefit analysis of whether it makes sense for you...."
I see businesses making these "it's not personal it's business" decisions everyday, why shouldn't I be Iowesomuch Inc and do the same and forego my moral obligations and stay only with my legal obligations?
I hope to hear from you about this.
Posts
5 comments:
I didn't read the article but yes, businesses look at financial decisions and if that leaves creditors, stockholders, and employees out of luck, so be it.
But is there a bankrupcty law in Honduras? I thought that you were making a lot of progress on your debt? In the US, a lot of people get into trouble with credit cards (even without the onerous interest rate that banks have in Honduras), but I think that most people are more likely to get a second job (or put their wife to work!) before doing something drastic like that. I know that you already have a second job, so what's the option?
I'm not sure what the policy is for the centro de riesgos is here in Honduras, but in the US, bankruptcy follows you for a long, long time. Can't get credit or a loan, can't buy a house, sometimes even can't get a job, and I don't know what else as I've never done it. Do you know what the ramifications of that would be in Honduras?
I've always prided myself on my financial record but probably nobody cares but me. I have to laugh when people here tell me that I can't get a credit card because I don't have a job -- meanwhile they are out giving credit cards to students and anyone who breathes.
We miss your updates!
Hello everyone...
I am Nicole Morgan by name, currently living in California, USA. I am a widow at the moment with two kids and i was stuck in a financial situation in August 2014 and i needed to refinance and pay my bills. I tried seeking loans from various loan firms both private and corporate but never with success, and most banks declined my credit. But as God would have it, I was introduced to a Man of God a private loan lender who gave me a loan of $87,000USD and today am a business owner and my kids are doing well at the moment, if you must contact any firm with reference to securing a loan without collateral , no credit check, no co signer with just 2% interest rate and better repayment plans and schedule, please contact Mr Jad Harb. He doesn't know that am doing this but am so happy now and i decided to let people know more about him and also i want God to bless him more.You can contact him through his email: jadloandevelopers@hotmail.com
Hello everyone...
I am Nicole Morgan by name, currently living in California, USA. I am a widow at the moment with two kids and i was stuck in a financial situation in August 2014 and i needed to refinance and pay my bills. I tried seeking loans from various loan firms both private and corporate but never with success, and most banks declined my credit. But as God would have it, I was introduced to a Man of God a private loan lender who gave me a loan of $87,000USD and today am a business owner and my kids are doing well at the moment, if you must contact any firm with reference to securing a loan without collateral , no credit check, no co signer with just 2% interest rate and better repayment plans and schedule, please contact Mr Jad Harb. He doesn't know that am doing this but am so happy now and i decided to let people know more about him and also i want God to bless him more.You can contact him through his email: jadloandevelopers@hotmail.com
Testimony of financial breakthrough from GOD through the help of Funding Circle Loan INC. (fundingloanplc@yahoo.com OR Call/Text +14067326622)...
Hi I'am Evelyn Russell resident at 808 NE 19th St Oklahoma City, I am a single mother blessed with 2 daughters. For a while now I have been searching for a genuine loan lender who could help me with a loan as I no longer have a job, all I got were hoodlums who made me trust them and at the end they took my money without giving me any loan, my hope was lost, I got confused and frustrated, it became difficult for my family to feed with a good meal, I never wanted to have anything to do with any loan lending companies on the internet again. Not until I met a Godsent loan lender that changed my life and that of my family Through the help of a fellowship member "a lender with the fear of God in him Mr JASON RAYMOND, he was the man God sent to elevate my family from suffering. At first I thought it wasn’t going to be possible due to my previous experience until I received my loan worth $135,000.00 USD in less then 24hours. So my advise to anyone out there genuinely in need of a loan is to contact Funding Circle Loan INC through this official email:- fundingloanplc@yahoo.com OR Call/Text +14067326622 and be financial lifted.
Post a Comment