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The LA Times reports today:

Some folks celebrate their last home mortgage payment by setting fire to their loan agreement. Lately, some people behind on their mortgages are simply setting fire to their homes.

In what appears to be the latest symptom of the nation’s mortgage meltdown and credit crisis, insurers, law enforcement officials and state agencies nationwide report a jump in home and automobile fires in the last year believed to have been set by owners unable to pay their debts.

Sounds like there are more than a few David Byrne wanna-bes out there:


Arson to avoid foreclosure?
Ken Bensinger
Los Angeles Times