Must. not. look. at. investments.
It really sucks when you are responsible with your money and you lose a huge chunk of it because other people aren't. And by others, I'm talking about both consumers and lenders.
David Carr had a great piece in the New York Times about some NPR reporters who actually had the audacity to ask the question, "Why are they lending money to people who can't afford to pay it back?"
A good reminder that even if you don't understand economics, a little common sense can go a helluva long way. For everyone.
Tuesday, September 30, 2008
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