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Hermitage’s short documentary video on the Magnitsky case — YouTube
The latest investor letter from Howard Marks — Oaktree (PDF)
What do the Copenhagen protestors want? And just how counterproductive are they being? — Foreign Policy, FT
NJ editor blames pedestrian-safety enforcement for increased pedestrian deaths — Press of AC
Waldman slaps down McArdle on walking away — Interfluidity
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“Stupidity tax” he said it!
Unfortunately we have recourse here in the UK.
Otherwise I would have walked away a LONG time ago.
At the same time, I would have done far more BTL spec buying with tiny/no deposit if there were no recourse.
Rebuilding a credit history is child’s play, but no-money-down housing bubbles come along only once every two decades or so.
Perhaps the US is worse off for volatility in house prices purely owing to non-recourse states.
Right now though – PLAY BY THE RULES AND WALK AWAY.
Youtube link lifted right from my comment :)
Re: the NJ highway mortality rates, it’s probably migrant workers and other illegals. They don’t have cars and walk along the sides of highways at night. The poor bastards get nailed all the time.