Brent White

Less Stigma, More Ditched Mortgages?

Social Stigma vs. Financial Self-Interest Across U.S., Food Stamp Use Soars and Stigma Fades –Headline, The New York Times (11/28/09) [A new academic paper] argues that far more of the estimated 15 million American homeowners who are underwater on their mortgages should stiff their lenders and take a hike. –Kenneth Harney, “The Moral Dimensions of...
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