Depending on he contract, the amount of money involved, and the city/state/country the transaction takes place, it may be perfectly legal. Morals and ethics have a very specific meaning as they relate to business. They (most definitely) do not have the same meaning as when they relate to individual persons, or interpersonal relationships.
I believe his point is that that agreements are just agreements there is no morality to them. You pay charges for whatever reason you want. But the law does not care if you are paying them for moral reasons or if you are not paying for moral reasons. Again you are the one ascribing moral ity to contractual arrangements which are void of morality.
I find it ironic that Bank of America was and may still be insolvent because of idiotic decisions it made and some people are pointing their fingers solely at this woman for being an idiot.
I just came across this tidbit in a totally unrelated article from WSJ http://online.wsj.com/article/SB10001424052970203440104574400792835972018.html?mod=rss_opinion_main We are at war. People are only realizing it now. The financial and political system in place right now is no friend of yours.
People attacked my dad apparently when he said that the banks were going to fail before the recession. Stupidity and ignorance unfortunately effect the majority of humanity which is why we have a hard time getting things done.
getting bussed around with health insurance corporate funds trying to destroy democracy is probably more fun <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/VG-bKyq4ww8&hl=en&fs=1&rel=0"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/VG-bKyq4ww8&hl=en&fs=1&rel=0" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
No such thing as irresponsible lending in your eyes I bet. What about the banks that sold swaps to counties and bankrupted them, Alabama comes ti mind. There is an article in this months Bloombeg magazine about Chase bank selling swaps to towns in Italy. Italy has finance cops that help the people. The seized assets from the bank in this case.
You say...She won't be able to get a job anywhere, thatâs simple not true. We are in a historic crisis, this is the worst crisis in the last 70 years. Employers understand what going on and will make exceptions. Pretty soon people will be able to file discrimination suits against any employer who listâs poor credit as there reason for not hiring, just watch. If anything the employer may hire her because she is having such a hard time. She must make her case.