Wow I remember this thread from a year ago. IMO all you can do is live to your own morals and protect yourself from theft. Instead of spewing impotent rage at the defaulters, why not consider what allows this? I personally could care less if a bank is defaulted on by a deadbeat - just one crook robbing another. Here's the problem, the banksters then turn around and rob the rest of us - bailouts, inflation, a hundred other subtle ways that most of the moralizers on this thread are probably oblivious to. You see, the banks are the real criminals here so you can stop yelling at a few scammers (even if the scammers didn't exist, they would be repalced by idiots who overextend their credit and default). The real crime is that risk is forced on the general population by our bankster oligarchs. Until you change the banking system you accomplish nothing. I'll bet most of you guys moralizing never bothered to educate yourselves as to how the system works. You probably continue to vote for your puppet mainstream politicians. Well guess what, you have no one to blame but yourselves. If you understood the system you might be of some use in a reform movement or at least you'd know how to protect yourselves and you wouldn't be victimized and angry. Sorry to sound a little harsh, but you need to wake up and focus on the real criminals here, not some little opportunist defaulters who simply hasten the inevitable.
One has to look no further than the scam tactics of Key Bank to realize what criminal disregard they had for those hoping to better themselves. http://www.newamerica.net/blog/higher-ed-watch/2008/key-banks-one-two-punch-9068
The point you and others in the "me, me, me" entitlement crowd fail to realize is that banks are in business to make a profit, not to provide welfare, so when deadbeats cost them it gets passed on to everyone else. The costs of deadbeats, frauds and thieves are borne by paying customers of stores, insurance companies, banks, etc., and the businesses aren't scum, the deadbeats, frauds and thieves are. This simple fact is not "moralizing," it's the reality that businesses aren't welfare providers that you're oblivious to.
It does not bother me any personal attack you might say. However, I feel so sorry for you. You are a victim of the system. You seriously believe that crap they tell you. AS I said before, DEVIDE AND CONQUER. Btw, Banks are here to make money on anything and everything. I am here to make $$$ for myself. You donât like the way I do it?? Bill me
(Direct quote from munnyhunny): "it's not anybody's place to judge him". Sounds like a blanket statement to me! http://www.elitetrader.com/vb/showthread.php?s=&threadid=158796&perpage=6&pagenumber=104
Spoken like someone who's naive enough to ruin his credit for $12K and who's naive enough to say he'll never need or want credit. You'll eventually understand when you grow up after reality slaps you in the face enough times. I don't expect you to understand now.
In what language do I have to explain that I dont need nor I want credit. It is only useful to get me into debt. Instead I make enough $$$ I live within my means. Keep playing along. I really dont care what you do.