Friday, October 22, 2010

Big Legal Clash on Foreclosure is Taking Shape

Big Legal Clash on Foreclosure is Taking Shape - NYTimes.com: "“You borrowed money,” he said. “You are obligated to repay it.”"

Bullshit. In a corporate business investment, the requirement is to repay the borrowed money, or return the property. That is the deal. Walking away is one of the options - defaulting is a technique. At the level of the individual borrower, citizens are shamed into believing that 'repay' - but not 'return', is the deal.

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