Developing the New "Capitalists' Man"
For example, in some of the rapidly deflating bubble markets, many homeowners are in situations where they owe $400,000 or $500,000 on a home that today is worth $100,000 less than the amount of their mortgage. In this situation, homeowners can effectively save $100,000 if they stop paying the mortgage and let the bank foreclose on the house. . . .
As a committed capitalist, we might expect Mr. Paulson to applaud people taking initiative and acting to ...
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