By GRETCHEN MORGENSON The collection agencies call at least 20 times a day. For a little quiet, Diane McLeod stashes her phone in the dishwasher. But right up until she hit the wall financially, Ms. McLeod was a dream customer…
The Story of Two Wolves
One evening an old Cherokee told his grandson about a battle that goes on inside people. He said, ‘My son, the battle is between two ‘wolves‘ inside us all. One is Evil. It is anger, envy, jealousy, sorrow, regret, greed,…
The Culture of Debt
By DAVID BROOKS 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…