How moral is your Black Hat?

I first found BHW when looking for info on backlinking and learnt about the perceived differences between black hat back links and White hat ones.

But being black hat goes a bit beyond that...I read a lot of threads about basically tricking people to sign up for CPA offers or using other methods which could be considered to be less than moral or ethical.

So... How moral are you when it comes to IM? Where do you draw the line when it comes to money making? Is anyone fair game?