Our Betters Bail On Their Homes Too

I’m sure Rush Limbaugh and all the other bottom dwellers who blame poor, minority home-owners for the economic implosion will get right on this one (from the New York Times).

Biggest Defaulters on Mortgages are the Rich
Whether it is their residence, a second home or a house bought as an investment, the rich have stopped paying the mortgage at a rate that greatly exceeds the rest of the population.

Of course, rich people defaulting isn’t what caused the downturn either, but it’s a sweet rebuttal to remoras whose economic platform is to rub the sub-90th percentile’s faces in the dirt.