Americans Struggle Through A Day In The Recession
It's a rainy spring morning and Tamara Ogier plants herself at a table in a Spartan room in the Atlanta federal courthouse, computer and tape recorder at hand, ready to hear another day's stories of financial ruin.
Couples facing foreclosure. Down-and-out real estate agents. Merchants who've shut their doors. Some clutch folders, some couples hold on to each other as they sit on pew-like benches, waiting to tell the court-appointed bankruptcy trustee how they ended up deep in debt.
"I understand the assumption that we're the guys in the black hats," Ogier says, but "there are a lot of times when I'm actually able to do a lot of good."It's a sunny morning 745 miles away, as Jerry Miller tools along Iowa's back roads, grumbling about folks who can't manage their money. He has just one credit card. He has no debts, but at almost 75, he feels he needs to keep working just to keep pace. He wonders, too, if he'll have to sacrifice for other people's mistakes. "I can't believe because they got themselves in this situation, it's falling on us to pay it back," he says, heading to the first pharmacy where he'll make deliveries on this day. "Lord, you're going to set a college kid loose with a credit card? Buy a house that costs ten times your salary?"
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV