Even More Millionaires Strategically Defaulting
January 31, 2011 at 09:22 AM EST
Hmmm… according to this CBS News report, 1 in 7 with loans over $1M are in default versus 1 in 12 with loans under $1M. Must be all those darn ACORN loans to millionaires! Some 15 months ago I flagged the ‘self created’ stimulus plan Americans are fashioning for themselves, before it became well recognized [...]
