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DEBT REPUDIATION
"There is nothing immoral about ditching your mortgage," says The Big Money's Mark Gimein. "Folks who lecture debtors pile on the ethical frosting with statements about how a mortgage involves a “promise” to repay and is so somehow inviolable. But one good way of judging whether a contract has the straightforward moral character of a “promise” is to check whether it is accompanied by many pages of fine print."
SOURCE:   Slate

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