Given the number of recent business mishaps and mortgage foreclosures, several people might relate to the author’s circumstances. The experiences he recounts demonstrate psychological elements relating to materialism and insatiability that contributed to the unwise use of liar loans, credit cards, and home equity advances.
Yahoo! Finance’s TechTicker dubbed the story a subprime borrowing nightmare.
Well, perhaps Yogi Berra can best summarize the financial and housing crisis: “We made too many wrong mistakes.”