Amna Nawaz
@PBSNewsHour·5.3M subscribers·62.2K videos
Who Do You Hurt When You Walk Away?
Posted
January 6, 2011
Views
1,347
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January 6, 2011
1,347
1
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2:44Now PlayingPaul video chats with University of Chicago economist Luigi Zingales about whether it's moral and ethical for homeowners to walk away from underwater mortgages. Zingales argues there are damaging spillover effects ("negative externalities") when homeowners strategically default.
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