But converting underwater “non-recourse” mortgage loans, where only the house is at risk, into so-called “recourse liabilities,” for which nonpayment would have consequences for all of a borrower’s assets, could address this concern, while simultaneously tempering America’s culture of leverage with a much greater sense of responsibility.
Ma convertire i mutui underwater “non-recourse”, dove solo la casa è a rischio, in cosiddetti “recourse liabilities”, per i quali i mancati pagamenti avrebbero conseguenze per tutti i beni del mutuatario, potrebbe affrontare questo timore e al contempo attenuare la cultura americana dell’indebitamento con un maggiore senso di responsabilità.