|The Colbert Report||Mon – Thurs 11:30pm / 10:30c|
|The Word – Honor Bound|
This clever bit from The Colbert Report has been making the rounds. Though he sort-of misses the opportunity for the kill-shot in not illustrating how often businesses (and govts) will walk on debts if it improves their finances, usually under rubric like “preserving shareholder value.”
Still, the idea that “ruthless defaults” – walking away from a mortgage even though you can afford the payment, and just don’t want to pay on a severely underwater asset - might gain broad socio-pop acceptance for individuals (business have forever been mostly forgiven for this type of behavior – “it’s just business” dontcha know) has to be causing a real puke-fest in the upper echelons of banking.