View Poll Results: Is there a moral obligation to repay money you borrow?

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  • If you borrow money, you are morally obligated to repay it.

    110 34.48%
  • I feel no moral obligation to repay loans I've taken out

    209 65.52%
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Thread: Are you morally obligated to repay a loan that you take?[W:461]

  1. #111
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by justabubba View Post
    i don't recall THE donald trying to participate in the democratic primaries
    Now, just to be clear, I said small (c) conservative, not Republican, and in the same vein, to be technical, participating in the Republican primary - had he done so - would have been "participating in the democratic primaries", that being small (d) democratic. And no, Trump, being the opportunist that he is, would not have tried to participate in the Democrat primary, with Obama as President - he chose the Republican one because he thought he could be the best of a bad lot.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by CanadaJohn View Post
    That's your view, and you're entitled to it. I'm speaking for myself, personally. Not for anyone else, and not for any business or entity. For me, personally, if I take out a mortgage to partially pay for a home that I freely chose to purchase at a price I freely negotiated and agreed to, then as long as I'm financially capable of paying that mortgage, I have a moral obligation to do so regardless of the housing market circumstances that follow.

    As I've said previously, my signature on a contract is my word - not keeping my word is immoral.
    If you want to feel morally obligated to a non-corporeal and souless entity, you are free to do so.

    On the other hand, I know that the bank will make their decisions based on whatever is best for the bank. The bank will not take any time contemplating the morality of its' actions. If doing something is in their interest, they will do it and not give a rat's ass about whether it is moral or not. I merely treat it as the amoral creation of the govt that it is. In my dealings with banks, I do what's in my best interests to do. If walking away from a loan is in my interest, then walking is what I do. There's nothing immoral about that.

    But again, if you want to put the interests of a bank before the interests of you and your family, you are free to do so.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  3. #113
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by Fearandloathing View Post
    Did you sign a document or make a verbal promise to repay it?

    Then yes....else you have no integrity.
    What if you didn't sign anything? What if you borrow money from me and I don't make you sign anything? Wouldn't you still be morally obligated to pay me back.

  4. #114
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by sangha View Post
    Because liberals are smart enough to understand the amorality of business while the moronic right wingers are incapable of anything other than worshipping corporate entities.
    If you able to **** over a corporation for money you'll have no problem ****ing over others for money - amorality can always be justified somehow, especially if there's an ideology behind it like the one that justifies lies and deceit "for the greater good".
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  5. #115
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by Gaius46 View Post
    The situation was as I recall a tad more complex that that since the government was actively telling the industry to make more loans too marginal borrowers.

    Generally I see nothing wrong with companies or people doing whatever is legal to better themselves. Personally I won't do things that are legal that offend my sense of right but my sense of right is mine and mine alone.

    With a contract my word is my bond and I dishonor myself if I don't do my best to live up to the terms. Of course stuff happens and if my situation changes - say I lose my job - I'll look to make an arrangement that will still honor my word in the end.

    Doesn't matter if the contract is a handshake with my brother in law or a mortgage with a bank.
    With mortgages, the contract specifies that in cases of non-payment the property is foreclosed on. Not paying and then having the property foreclosed on is in keeping with the terms of the contract.

    So there's nothing dishonorable about it. It's how such loans work and both sides understand that it's a possibility.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by sangha View Post
    If you want to feel morally obligated to a non-corporeal and souless entity, you are free to do so.

    On the other hand, I know that the bank will make their decisions based on whatever is best for the bank. The bank will not take any time contemplating the morality of its' actions. If doing something is in their interest, they will do it and not give a rat's ass about whether it is moral or not. I merely treat it as the amoral creation of the govt that it is. In my dealings with banks, I do what's in my best interests to do. If walking away from a loan is in my interest, then walking is what I do. There's nothing immoral about that.

    But again, if you want to put the interests of a bank before the interests of you and your family, you are free to do so.
    If a bank is immoral or not has nothing to with your action being moral or immoral.

  7. #117
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by sangha View Post
    If you want to feel morally obligated to a non-corporeal and souless entity, you are free to do so.

    On the other hand, I know that the bank will make their decisions based on whatever is best for the bank. The bank will not take any time contemplating the morality of its' actions. If doing something is in their interest, they will do it and not give a rat's ass about whether it is moral or not. I merely treat it as the amoral creation of the govt that it is. In my dealings with banks, I do what's in my best interests to do. If walking away from a loan is in my interest, then walking is what I do. There's nothing immoral about that.

    But again, if you want to put the interests of a bank before the interests of you and your family, you are free to do so.
    As I've said before, I speak for myself only. It's immaterial to me if the other party I'm dealing with is immoral. What's material is that I remain moral and a man with integrity. You may choose to wallow in the gutter with the scum and feel whatever some lowlife does is plenty good for you - that's your prerogative. As a person of integrity, a person of morals, and a person who values my own word, I would no longer be the person I am, the person I choose to be, if I had the cavalier attitude towards honour that you espouse.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by sangha View Post
    With mortgages, the contract specifies that in cases of non-payment the property is foreclosed on. Not paying and then having the property foreclosed on is in keeping with the terms of the contract.

    So there's nothing dishonorable about it. It's how such loans work and both sides understand that it's a possibility.
    Not paying your debts is dishonorable.

  9. #119
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by Thrilla View Post
    the question isn't one of whether business should be ruled by morality.... the question is about the whether there is a moral obligation for the borrower to repay what he has borrowed.

    nothing about the lender affects the borrower in regards to the question.
    I disagree. The fact that we're talking about mortgages given by banks means we're talking about a specific type of agreement - one where both parties understand that non-payment is a possibility and both parties understand and agree that in such a case, foreclosure occurs.

    It's all a part of the terms of the contract.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  10. #120
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    Re: Are you morally obligated to repay a loan that you take?

    Quote Originally Posted by sangha View Post
    If you want to feel morally obligated to a non-corporeal and souless entity, you are free to do so.

    On the other hand, I know that the bank will make their decisions based on whatever is best for the bank. The bank will not take any time contemplating the morality of its' actions. If doing something is in their interest, they will do it and not give a rat's ass about whether it is moral or not. I merely treat it as the amoral creation of the govt that it is. In my dealings with banks, I do what's in my best interests to do. If walking away from a loan is in my interest, then walking is what I do. There's nothing immoral about that.

    But again, if you want to put the interests of a bank before the interests of you and your family, you are free to do so.
    interesting.

    I generally base my moral obligations on my own personal values... not the values of those whom I deal with <shrug>

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