That's a great point. It was educational to read an article from one of those high-brow economics or policy journals after the housing crisis warning about regular citizens noticing that banks and other institutions are happily using bankruptcy as a strategic option. The fear was that people with underwater properties will stop feeling guilty about bankruptcies and will walk away from their mortgages. Basically making the same calculated business decision that bankers make. Paraphrased the message was "careful, or the plebeians will start doing what we are doing"