"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
‘Squatter Rent’ May Boost Spending as U.S. Mortgage Holders Bail
Submitted by Melinda L. Secor on Sun, 2011-05-08 01:00
"Millions of Americans have more money to spend since they fell delinquent on their mortgages amid the worst housing collapse since the Great Depression. They are staying in their homes for free about a year and a half on average, buying time to restructure their finances and providing an unexpected support for consumer spending, which makes up about 70 percent of the economy."
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Yeah! Stick it to those banks! Defaulting on your mortgage is a moral and ethical imperative!
>.<