Here's an essay by a NY Times economics reporter who should, by his own admission, have known better. But he was "in love" having just divorced his wife of 20+ years and getting married again. After you read this article, ask yourself "Was this guy cooking on all four burners when he made those decisions?" Some psychologists advise to wait a year after divorce or separation to make major decisions. This guy made all the amateur mistakes that plunged people into subprime hell. I doubt he was thinking with his brain, but rather some other organ.
In any case, it's pretty amazing reading. He actually wrote a book about it too.
http://www.nytimes.com/2009/05/17/magazine/17foreclosure-t.html?pagewanted=1&_r=1
In any case, it's pretty amazing reading. He actually wrote a book about it too.
http://www.nytimes.com/2009/05/17/magazine/17foreclosure-t.html?pagewanted=1&_r=1