Saturday, July 10, 2010

Chris Hayes: Strategic Mortgage Defaults - contracts are for...

Great reporting from The Nation's Chris L. Hayes and reason for follow-up: Wealthy people strategically walk away from underwater mortgages [when a homeowner owes more than the place is worth] but big banks want to force the rest of us to sink or swim in deep water and pay up so they can make money on OUR backs. "Contracts are for 'little people'." (When Chris is there, I don't miss Rachel Maddow quite so much. He does great stuff!)

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