NYT Economics Reporter Details Personal Credit Crisis

An interesting story of how even those who follow the financial system intimately on a daily basis can get pulled into the mess.

From the 5/14 edition of the New York Times: My Personal Credit Crisis by Edmund Andrews

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2 Thoughts on “NYT Economics Reporter Details Personal Credit Crisis

  1. Allan Brockman on May 26, 2009 at 8:50 PM said:

    I think that this says a great deal about the qualifications/capabilities of people who write on economics. Further, a continuing thread through the article is that “they” made it so easy! What about personal responsibility and the even more dreaded word “accountability”

    Mr. Andrews sounds like a recovering (let’s hope) drug addict. The thought that he has written a book and that people might actually buy it is extremely depressing.

  2. I don’t usually read NYT (who has the time for that ?!) but I read the whole article and I must say it was a very well written one.

    Still, I fully share the sentiments of the above reviewer.

    Nobody forced people to take credits they couldn’t afford. I’d say nobody has tricked them either…they had tricked themselves.

    That said, I must say I moved out of NYC after having lived there for one year because it seemed to me the enviornment and community were mad.

    It’s a fast paced life beyond extremens that you either adjust to and become irresponsible or leave the scene like I did.

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