Ethics of Bailout: The Debate Continues…
The Salt Lake Tribune reports on the religious debate: should responsible taxpayers who took out affordable mortgages bail out those who didn’t?
Is it ethical for others to foot the bill for your bad financial decisions? And is it ethical to say no to those pleas for help?
The article quotes Mu Soeng, a Buddhist studies professor who worries a homeowner bailout would only encourage more greed:
“The economic system is based on the idea that you take responsibility for your actions, and if you go bankrupt, then that’s what life is,” Soeng says. “Unless there is a collective effort to reorient society in a different way — to say, ‘We are not going to be a culture and society of greed anymore’ — then we are just refurbishing the tired old system, and it will collapse again and again.”
admin | In the News | March 9th, 2009 |


