Homeowner - Social Responsibility and Manipulation
Mish has a great find, which he has summarized:
Underwater and Not Walking Away: Shame, Fear and the Social Management of the Housing Crisis.
What I read about reasons for people not defaulting and the social manipulation truly fascinating and once again it reminded of this video I saw a long time ago about activity in the brain and corporate executives have more in common in their brain activity with sociopaths. Parts of the brain associated with empathy show little activity.
I strongly recommend giving this one a read.