MEGAN WACHSPRESS, JESSIE AGATSTEIN & CHRISTIAN MOTT published an article that takes dead aim at the “free house” controversy. In the Yale Law Review they come to the conclusion that (1) the house isn’t free to any homeowner even if they escape the mortgage and (2) the projected social cost of  market values are wrong. […]

Tags: free house, free market, Mortgage, note, ownership, Yale
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Tags: Boston University, economic recovery, Economist, ICELAND, John Geanakoplos, principal correction, principal reduction, Robert C Hockett, Robert Shiller, Susan P Koniak, write down mortgages, Yale
Posted in bubble, Corruption, Eviction, securities fraud |