Strategic Default: Watch Elites Freak Out To the Trend That Isn’t Happening. (via Foreclosureblues)

11 Jan

Strategic Default: Watch Elites Freak Out To the Trend That Isn’t Happening. Strategic Default: Watch Elites Freak Out To the Trend That Isn’t Happening. Today, January 11, 2011, 21 minutes ago | Mike Remember this guy?  David Walker of the Peterson Institute gets nostalgic about debtors prisons for strategic defaulters. There is a norm asymmetry being ruthlessly exploited between how people and businesses view debt.   Strategic default is not a phenomenon in any empirical data, but it is a boogeyman that needs to be ruth … Read More

via Foreclosureblues

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One Response to “Strategic Default: Watch Elites Freak Out To the Trend That Isn’t Happening. (via Foreclosureblues)”

  1. bankru October 20, 2011 at 7:44 am #

    Nice post. I used to be checking continuously this blog and I am impressed! Extremely useful information specially the remaining part 🙂 I take care of such information a lot. I was looking for this certain information for a long time. Thanks and good luck.

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