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My Personal Credit Crisis

  • 15-05-2009 10:49pm
    #1
    Économiste Monétaire
    Closed Accounts Posts: 2,208 ✭✭✭


    An economics reporter for the NY Times has written a lucid, honest account of his decent into debt and why he couldn't 'just say no' to easy credit. My Personal Credit Crisis.


Comments

  • #2
    gruck
    Closed Accounts Posts: 5 ✭gruck


    That made for quite an interesting read. It wasn't entirely honest though, he left out some pretty significant details about his wife:
    Patty Barreiro, Andrews' wife, has declared bankruptcy twice. The second time was while they were married, a detail that didn't make it into either the book or the excerpt that ran in last Sunday's New York Times Magazine.

    Andrews' desire to shield his wife is understandable -- hell, laudable. No decent person wants to parade their spouse's financial trouble in front of the world. But this is material information that changes the tenor of his story. Serial bankruptcy is not a creation of the current credit crisis, and it doesn't just happen to anyone, particularly anyone with a six figure salary.

    Full story here:

    http://meganmcardle.theatlantic.com/archives/2009/05/the_road_to_bankruptcy.php


  • #3
    PhiliousPhogg
    Registered Users, Registered Users 2 Posts: 288 ✭✭PhiliousPhogg


    And he already paying thousands in child support to his ex wife, yeesh.


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