The culture of debt
Jul 22nd, 2008 | By admin | Category: EntertainmentBy DAVID BROOKS
Published: July 22, 2008
On the front page of Sunday’s Times, Gretchen Morgenson described Diane McLeod’s spiral into indebtedness, and now a debate has erupted over who is to blame.
Some people emphasize the predatory lenders who seduced her with too-good-to-be-true credit lines and incomprehensible mortgage offers. Here was a single mother made vulnerable [...]