naked capitalism Mon 2010-04-19 16:17 EDT
Strategic defaults increase consumer spending
...the evidence is pretty substantial that strategic defaults are indeed goosing retail sales...
naked capitalism; Strategic defaults increase consumer spending.
strategic default Topic in The Credit Debacle Catalog
Strategic Default Data Suggests Foreclosure Prevention Tactics Useless (1); Strategic defaults increase consumer spending (1).
Mish's Global Economic Trend Analysis Mon 2009-09-21 14:57 EDT
Strategic Default Data Suggests Foreclosure Prevention Tactics Useless
An interesting report in the Los Angeles Times shows that a person with super-prime credit scores is more likely to walk away from an underwater mortgage than a person with a subprime credit rating.
Mish's Global Economic Trend Analysis; Strategic Default Data Suggests Foreclosure Prevention Tactics Useless.