Tornado Alley (PROG)

[fuagf]

SilverSurfer (used to be hogs...?) What? What? .. 1. How the hell should I know?

The Moral Hazard of Modern Banking: How Banks Create and Destroy Money
Robert Bonomo

Much has been said about both the moral hazard of banks being bailed out and people bailing out of mortgages.
The major question raised was, Would this ‘bailout’ contagion infect the integrity of our economic and political system?
But far more interesting and much less discussed are the mechanics of modern banking and their moral implications. ..
http://howthehellshouldiknow-wallyworld.blogspot.com/2011/06/moral-hazard.html

Two on one of those thoughts of mine .. the drop the key, or whatever it's called, you guys, i think?, uniquely have.

2. The recent topic I find trending up (my own observation, not from any particular tracking site)
is that of walking away from your mortgage, otherwise known as “giving the bank the keys.”

I’ve been reading about moral hazard and the risk of further collapse in home prices should people continue
to default, but it was only when I ran into articles such as Motley Fool’s Why Are Homeowners Idiots? did
I realize that there are a number of financial writers not just observing this phenomenon, but advocating it.
more .. http://www.joetaxpayer.com/giving-bank-keys/

The other on you borrowing to gamble on stock msrket and then being able to get interest on the loan back ..

.. maybe you can work it out now? .. then again maybe i've got that wrong .. they were only 'off-da-top' quick thoughts ..