Thursday, October 14, 2010

People should fulfill their obligations; corporations need not?

I found this link on a Motley Fool weekly update: "Mortgage Bankers Association Strategic Default".

The video shows John Courson, President and CEO, talking about how homeowners should fulfill their mortgage obligations and not walk away from them.  However, the Mortgage Bankers Association walked away from the mortgage on its $79 million headquarters.

Maybe Jon Stewart and Comedy Central are "flaming liberals", but the Motley Fools are serious capitalists, investing their own money in various companies.