Law in Contemporary Society

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TheRichAreWalkingAway 4 - 10 Jul 2010 - Main.DavidGoldin
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 Biggest Defaulters on Mortgages Are the Rich by David Streitfeld, New York Times, July 8, 2010

It seemed apt to post this article that just came out, given that it relates to our discussions at the beginning of the class. I found one quote in the article to be particularly striking:

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 -- JenniferGreen - 10 Jul 2010

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The first commenter is Cecilia Wang.

Jennifer - I appreciate your comments on the framing of the article. I didn't think about this. I got caught up on Mr. Khater's use of the word "ruthless" to describe defaulting on a home loan, even when it is in one's best interest. Having read your comments (and re-read the article), it seems like "ruthless" is being used in a good way. Looking out for one's own interests isn't "nice" but it is rational and perhaps even admirable. The article does seem to be implying that the working/middle class is incapable of being "ruthless" in a good way and it does ignore many of the issues you discussed. Thanks for bringing them up!

-- DavidGoldin - 10 Jul 2010


Revision 4r4 - 10 Jul 2010 - 19:28:08 - DavidGoldin
Revision 3r3 - 10 Jul 2010 - 18:04:39 - JenniferGreen
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