this is worth reading. He was an idiot who thinks that could beat the system and should have known better. I do not feel sorry for him because he had the education necessary to understand what he was doing (or Times should fire him).
http://www.nytimes.com/2009/05/17/magazine/17foreclosure-t.html?_r=2&hp=&pagewanted=allThis said, this article is just compounding the idea that people who are foreclosed are people who try to play the system knowingly and we should not help them. While there are people in his case, there are a lot of people (and probably a lot more than of the other type) who just were entrapped by bankers wanting to do their quotas and did not have the knowledge to make the difference, or just lost their job or got a hardship and could not pay anymore.
I feel angry when the Times allow somebody like that to make an extensive article on what is not even a dramatic situation.