Diary
Charles Simic: New England in the Recession, 20 January 2011
“... the gap between the well-to-do and the rest of us widened, credit became easier to get and people took on a staggering amount of debt, putting themselves in the position of being one paycheck away from financial ruin. ‘When your bank says No, we say Yes,’ one mortgage company used to say. Even if one had a decent salary, once in debt to a bank, a credit ... ”