clock menu more-arrow no yes

Filed under:

Bad Idea: If You Can't Afford It, Torch It

New, 2 comments

The Wall Street Journal links to a story from ABC News about the possibility that homeowners facing foreclosure may turn to arson as a way to escape debt and make some cash from their insurance companies. The story cites one crazy lady in Michigan who did just that and got busted. This isn't a trend yet, and no reports of arson related to California's many foreclosures have popped up on our radar, but nonetheless it's fascinating to ponder. [WSJ]