Strategic Defaulters

April 22, 2010 9:05pm by Barry Ritholtz

PBS: ‘Strategic Defaulters’ Skip Mortgage Payments as Home Values Tumble

AIR DATE: April 20, 2010

As part of his continuing series of reports making sense of economic news, Paul Solman tells the story of some homeowners who have stopped paying their mortgages even though they can still afford them.

Hat tip Tim Iacono

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