implode-explode.com - Implosion News Pick-ups: The Economics and Ethics of Mortgage Default

Remember that it's not a crime to default on your mortgage. The banks are perfectly happy scraping around in the fine print of credit-card agreements to screw their customers; the customers should be perfectly happy similarly to optimize their own situation with respect to the banks. It's an unfortunate situation all around, but it's not something you can blame the financial press for.