In January I posted an excerpt from a New York Times Magazine article titled “Walk away from your mortgage!”, in which a University of Arizona law professor argued the government “should encourage borrowers to default when it’s in their economic interest” instead of letting buyers continue to sink underwater.
That week, Lawrence O’Donnell of MSNBC and David Corn of Mother Jones discussed this article and the implications of “strategic defaults” on Countdown with Keith Olbermann. On Sunday the topic was addressed on CBS’ 60 Minutes. Watch each segment above and below.
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