Bankruptcy, Foreclosures, Loan Modifications and Ethics

It has been a surprise to see the number of comments on this blog that have revolved around the issue of ethics in mortgages and loan modifications. A pleasant surprise, but a surprise nonetheless. It is the single most popular controversy. Are easy roll-over Bankruptcies morally wrong? When should someone default on their mortgage payments if he is unemployed and with an underwater mortgage but still has cash in his bank account? How easy should banks make it for clients to get loan modifications, or how ?troubled? should homeowners be before they ?deserve? them? And, finally, what is probably the queen of controversy in the mortgage world. Should the government bailout homeowners that can?t afford their mortgage or simply let the natural market forces do their job? I doubt any two peopl