Shoe. Other Foot. 0
Dean Baker, writing at the Guardian, speculates on what might happen if homeowners who are under water on their mortgage’s did the work of Goldman-Sachs’s god:
(snip)
In short, homeowners who are seriously underwater in their mortgages should check the numbers. Walking away from a home may well be the best economic choice, and in such cases, it is also likely to be the best choice from the standpoint of the economy as a whole. This may not be advancing God’s work, but if millions of people walked away it might educate Goldman Sachs and the rest of Wall Street bankers about what happens when everyone plays by their rules.
