In many ways the banks deserve every lump of shit that comes their way. It may not be good for me, but it makes me laugh.. They (the banks) have had it comming for a long time.. F**k 'em! Code: http://latimesblogs.latimes.com/laland/2008/01/a-tipping-point.html
Good financial sense to save the money. Really bad ethics to repudiate a debt, and agreement, a contract. This should be tested in court somewhere along the line, after the laws get fixed.