To mark it to market, to mark it we go: Part 1, delinquents
No, not juvenile delinquents
With the spotlight shining on subprime loans, the New York Times adopts the classic personification-of-the-abstract approach by finding a single householder who’s fairly clearly in difficulties, and then generalizing expansively, along the way drawing almost precisely the wrong set of conclusions, starting from its lurid headline:
Mortgage Maze May Increase Foreclosures
Now I have […]
