I was listening to NPR this morning. They were discussing Fannie Mae and Freddie Mac lowering the principle on troubled mortgages up to $50k. Someone then mentioned how bad of an idea this was since it would trigger a tidal wave of strategic defaults by those who had no trouble paying their mortgages.
Would you do it?
http://www.npr.org/2012/03/23/149166...ge-write-downs
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