Sunday, July 20, 2008

In debt reporting

The New York Times has a heart-rending but all too common story about one American's struggles with debt. The story encapsulates so much that was wrong with the easy credit and serial refinancings of the last decade.

2 comments:

Doug Johnson said...

These LIBERALS are good one to talk. Just read were their profits were down 82%. Then they raised their price a quarter. In my opinion the sooner these liberal, lying, POS are out business the better. News papers are the only people I know, that know exactly why they are going south and do not give a damn.

Dave Ribar said...

Doug:

It's not clear who you're ranting about or how the comment applies to this story.

From discussions with friends who are currently struggling with sky-high debt and upside-down mortgages, the description from the New York Times rings pretty true.