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Rick Sharga: Is this the end of the housing recovery?

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Servicing / The Ticker

Mob rule versus the rule of law

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Arnold Kling offers his take on the logic of defaulted borrowers contesting foreclosure due to paperwork problems: "... I think this is a popular position to take, because people love to treat banks as villains and borrowers as victims, but I think it amounts to mob rule rather than the rule of law."

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