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Old 06-12-2010, 08:07 AM
 
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On Strategic Default, Legislating a Double-Standard? - Developments - WSJ
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Old 06-12-2010, 10:02 AM
 
Location: Olympia
1,024 posts, read 4,139,855 times
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This legislation is clearly a double standard. Personally, I don't think it's okay to walk away from ones obligations, but there are already negative consequences attached to defaulting on a mortgage, so I see no need for the government to get involved.
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Old 06-12-2010, 10:09 AM
 
Location: Salem, OR
15,578 posts, read 40,440,822 times
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Quote:
Originally Posted by Sandy Nelson View Post
This legislation is clearly a double standard. Personally, I don't think it's okay to walk away from ones obligations, but there are already negative consequences attached to defaulting on a mortgage, so I see no need for the government to get involved.

Agree. This is bad legislation.
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Old 06-12-2010, 12:23 PM
 
Location: NE Atlanta suburbs
472 posts, read 855,032 times
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Wow. Oh wow.

I agree something "else" should be done to discourage the strategic defaults, but it is a double standard, and quite frankly, wrong.
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