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"Social control of the housing crisis"
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TCBEvolver
Nov 30, 2009, 12:33:03 AM11/30/09
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W00t! This is the sort of Hagbardian talk we need round here: don't
let yourself be guilted into staying in an underwater mortgage, it's
not immoral to walk. Many would be far better off if they did.
Shame and embarrassment are buttressed by a "system that (law
professor Brent) White labels "the social control of the housing
crisis" -- pressures and messages continually sent to consumers by the
"social control agents," namely banks, government and the media. The
mantra that these agents -- all the way up to President Obama -- pound
into owners' heads, White said, is that "voluntarily defaulting on a
mortgage is immoral."
let yourself be guilted into staying in an underwater mortgage, it's
not immoral to walk. Many would be far better off if they did.
Shame and embarrassment are buttressed by a "system that (law
professor Brent) White labels "the social control of the housing
crisis" -- pressures and messages continually sent to consumers by the
"social control agents," namely banks, government and the media. The
mantra that these agents -- all the way up to President Obama -- pound
into owners' heads, White said, is that "voluntarily defaulting on a
mortgage is immoral."
The rest of the candy is here:
http://www.latimes.com/classified/realestate/news/la-fi-harney29-2009nov29,0,3801270.story
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