The rich are America's biggest mortgage defaulters. They're sure as hell not falling for Freddie Mac's moralizing. See, they're not being "irresponsible" and "damaging their communities" like you peons are when you sadly walk away from the biggest investment in your life, they're being "strategic" and "ruthless." See the difference? No? Well, maybe that's why you're poor and they're rich.
Hey, if America's rich supermen think it's morally OK to do, then you can too. Think like a tycoon and walk away from your underwater home!
Biggest Defaulters on Mortgages Are the Rich
By David Streitfeld
July 8, 2010 | New York Times
URL: http://www.nytimes.com/2010/07/09/business/economy/09rich.html?pagewanted=1&source=patrick.net&_r=2
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