Strategic Criminality

September 30, 2009
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“Everything works much better when wrong decisions are punished and good decisions make you rich.” -Anna Schwartz
Absolutely scathing new study on “strategic mortgage defaults” from Esperian.   Key takeaways:

A new study by Experian, the credit agency, and Oliver Wyman, a consulting firm, estimates conservatively that some 18 percent of those who defaulted on a mortgage as [...]

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