Kevin Kauffman and Fred Weaver react to a great article by Martin Mandelman. Strategic Default isn’t wrong - big business does it all the time.
Read Mr. Mandelman’s article right now! Here is a just a taste.
The core message in his article [talking about and article written by: Donald Bisenius, Executive Vice President in charge of Freddie Mac’s Single Family Credit Guarantee Business], titled “A Perspective on Strategic Defaults,” as described in the Wall Street Journal, is “Please Don’t Do It,” and after reading it on Freddie Mac’s Website just this morning… Yowza! Now, I’m head over heels in love with the idea of strategically defaulting! Thanks Donald!