2009-12-09 — ml-implode.com
"Experian just published data a few days ago about “strategic defaults†that I’m sure made someone in The White House nauseous. The data showed that 18% of foreclosures are strategic defaults, meaning that the homeowners could have made the payments, but chose not to and walked away. That’s almost one out of five. In light of what I explained above, isn’t that just lovely?"
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