http://www.fhaloanpros.com/2010/05/strategic-mortgage-default-the-case-for-mortgage-loan-write-downs/ The Unofficial Guide to FHA Loans & Mortgages Tue, 17 May 2011 20:16:59 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://www.fhaloanpros.com/2010/05/strategic-mortgage-default-the-case-for-mortgage-loan-write-downs/#comment-111169 Yvonne Wed, 19 May 2010 22:23:40 +0000 http://www.fhaloanpros.com/?p=2683#comment-111169 The moral delema of walking away. Wall St. and Banks don't suffer from a conflict of conscience. They made a commodity out of the housing industry and congress gave them the license to do it when they repealed Glass–Steagall. The bottom line is that we will all pay for it at the end with higher taxes to cover more intitutions that are to big to fail. The moral delema of walking away. Wall St. and Banks don’t suffer from a conflict of conscience. They made a commodity out of the housing industry and congress gave them the license to do it when they repealed Glass–Steagall. The bottom line is that we will all pay for it at the end with higher taxes to cover more intitutions that are to big to fail.

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