At the scale of a small-time investor, you must pay your damn debts. But do you feel that holds true going up the food chain? GM will never have to repay all of it's debts that were coerced out of the american public against our will. The bankers at the large banks who coerced almost ONE TRILLION DOLLARS worth of debts are getting their fattest bonuses ever, and will likely not fully repay those debts.<p>But the little guy has a moral obligation? Yeah, his only mistake was only borrowing  $100k. If he had been a slick stanford or harvard MBA he would have borrowed $250million, and gotten a congressional pat on the back when he defaulted.