I tend to agree with the sentiment put forward by Karl Denninger at <a href="http://market-ticker.denninger.net/archives/1791-Finally-Mainstream-Press-Intentional-Defaults.html" rel="nofollow">http://market-ticker.denninger.net/archives/1791-Finally-Mai...</a><p>"Years ago there was stigma - a man's word was his bond.  But that is gone now, and it is not you, the consumer who made it thus.  It is in fact the very people who lent you that money who made it so - who proffered documents to you written in 4 point type that were impossible for anyone with less than a PhD to understand (and sometimes even then), that contained intentional tricks and less-than-honest inducements, and who themselves were in fact stuffing bogus loans into securities that they then peddled out to the masses!"