Is it ethical to walk away from an underwater mortgage? The New York Times’ Roger Lowenstein says it is. Stan Collender at Capital Gains and Games says it isn’t.
January 11, 2010 at 7:04 pm
As long as Wall Streeters (I remember specifically hearing this from Donald Trump, but I’ve heard it from others) refer to bankruptcy of their majority owned corporations as “a strategic move”, I have no problem with mortgage-holders who walk.
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