Kind of an interesting statement, its morraly 
wrong to buy bootlegs, but it isn't morally wrong 
to swap / borrow them from friends?

At least hear I believe it is probably illegal to 
do both! But in saying this the record / movie 
companies make a profit on all blank media sold 
anyway (as they claim it is used to copy real 
programs, which they pay for). Yes that right 
they get a cut from all blank media sold. So as 
far as I can see the rea1 distributers make money 
on it anyway. That is they have the best of both 
worlds and I have very little sympathy for them, 
they charge well over market rate for this sort 
of thing. A good example is a Mononoke DVD costs 
over $75 ($35 USD) and I can find it anywhere on 
the net for only $19 USD (for a real one too! not 
a bootleg). Now I know shipping of a single DVD 
costs a lot less than $16 USD so just who is 
being ripped off?

My suggestion is to only part with as much of 
your hard earned money as you have to.