Tuesday, January 31, 2012
More on the Moral vrs Legal obligations
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.
Posted by AJ at 11:25 AM