Hypocrisy From the Mortgage Banker’s Association

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–by Sebastian

 

So it counts as hypocrisy when you publically moralize against something that you do your self, right?

Witness, strategic default:

 

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Mortgage Bankers Association Strategic Default
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13 thoughts on “Hypocrisy From the Mortgage Banker’s Association”

  1. That’s some tasty cake, Sebastian.
    Here’s some icing:
    http://www.disequilibria.com/blog/?p=145
    When Sharron Angle as a U.S. Senator is receiving heavily subsidized Federal health insurance (just as I lose my subsidy) at my expense, while voting to murder children with pre-existing conditions next year, she’ll light yet another candle on the cake.
    That candle is connected to a fuse.
    “hypocrisy”? No.
    Let us find a new word, please. I mean, it wasn’t exactly hypocrisy for Pol Pot to use reading glasses to examine the list of Cambodians to be liquidated because they wore specs.

  2. I suppose they would say something to the effect that a good business decision, by definition, cannot be hypocrisy, because the market is amoral. Persons have ethics, and a corporation is not a person. Except now they are, of course, when it’s time to give money — I mean protected speech — to the GOP.
    Good Lord these people are shameless.

  3. it counts as hypocrisy when you publically moralize against something that you do your self, right?
    Speaking as someone who was raised Catholic *g* — not exactly. It’s not hypocrisy to moralize against something you do, *as long as you feel guilty about it*. For a Catholic, it’s more appropriate to rail against your own sins than against ones you would never commit, because then you know what you’re talking about.
    What makes mortage bankers hypocrites is that they do not evince any shred of guilt of remorse.

  4. It’s not hypocrisy to moralize against something you do, *as long as you feel guilty about it*.
    I’d say it a bit differently. Hypocrisy isn’t failing to practice what you preach; it’s failing to try to follow what you preach. Anyone can fail to live up to high ideals, and they’re not doubly guilty just because they publicly stand up for those high ideals. The real failing is standing up for rules that you don’t believe in, or believe should only apply to others.

  7. Do. Or do not. There is no try.
    Totally and completely off topic, but with respect, and IMVHO, this bon mot of Yoda’s is crap.
    For pretty much anything actually worth doing, without “try” there is no “do”.

  9. Russell, next you’ll be telling us that “size matters not” is also crap, please, I need my illusions.
    As for the whole ‘morality of the strategic default’ issue, that never made any sense to me. The bank gives you the mortgage, they get the down payment they demand and have the house as collateral. Heck, you don’t own the house, the bank does and if you walk away, they still have the house (and all the payments you’ve made) and they’ve got absolutely nothing to complain about.
    I know the current housing collapse makes the old ways seem a little quaint but the bottom line is that the bank got what’s coming to them, end of story.

  10. More OT, but I think there’s a flavor to try/fail that isn’t there in do/fail, that has something to do with commitment.
    Not that commitment changes the result, necessarily, but I think you’re more likely to succeed with a committed attempt than with a tentative, lets-try-it-and-see attempt. Or the lets-try-it-for-the-sake-of-appearances attempt.
    I’m sure this has all been thoroughly beaten to death in the myriad Star Wars discussion groups, but as far as I’m concerned, Yoda had a certain point, here.

  11. Yoda was speaking of will. I know. He told me. I am a Jedi.
    How does this figure into recreational drug use? Some people speak of “trying” drugs, whereas others speak of “doing” drugs. I’d say the latter are the more committed. The ones who just try are more into looking cool than anything.

  13. More OT, but I think there’s a flavor to try/fail that isn’t there in do/fail, that has something to do with commitment.
    Even more OT:
    I hear you.
    The problem I have with Yoda’s word of wisdom is that it doesn’t include “do/fail”.
    There is no “do/fail”. “fail” means, and can only mean, you did not “do”.
    “do/fail” is, in fact, “try”.
    I get the potential (and undesirable) tentative aspect of “try”. I also get the unnecessary harshness of a purely binary understanding of “do/not do”.
    IMVHO, for most things, and for pretty much anything worth doing, you never get to “do” except through “try”.

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