Look out MediaWorld, Here I Come!

Earlier today I participated in a discussion concerning strategic defaults on KUOW’s program The Conversation. While I had a couple of “uhs” overall I thought it went well. Listen for yourself and let me know what you think! If you don’t have the time, I will tell you I got the chance to make my favorite point on the subject: We should not hold people to a high ethical standard in regards to their contractual obligations UNLESS we hold the other party to the contract, the bank, to the same standard. And of course we DON’T hold banks to the same ethical standard. That strikes me as unfair. If we tolerate a “strategic default” by a business, we should also tolerate it by the person who is the other party to the contract. My $.02….

Posted by Marc

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