Queasy like Sunday morning: 'Times Magazine' brings the pain on credit, debt, foreclosure


Ah, Sunday morning! It's nearly upon us again. The languid wake-up. The mocha java. The nova and cream cheese. The tangy mimosa. The New York Times. The New York Times Magazine.The New York Times Magazine's Money Issue. The glance at the table of contents. The flipping ahead. The credit and credit cards. The ballooning debt. The inevitable bankruptcy. The creeping dread. The moist paranoia. The undulating queasiness. The pushing the bagel aside. The not finishing the mimosa. The crawling back into bed. The curling into fetal position. The whimpering and weeping. The desperate wishing that it were All a Bad Dream. Ah, Sunday morning!

If you're a Times reader, get ready for a page-turning, stomach-churning weekend. The Money Issue -- given everything, the editors might as well have called it the Credit Issue -- taps into our nightmares of financial nuclear winter, on a wide level and a personal one too. The paper's economics reporter Edmund L. Andrews provides a personal tale of his experience of buying a house outside Washington, in Silver Spring, Maryland. He was supposed to know better, he says -- he was, after all, reporting on the subprime mortgage crisis -- and yet he jumped in anyway, enchanted by the lure of easy homeownership and easier money. (Andrews' article, tellingly, excerpts his forthcoming memoir, Busted: Life Inside the Great Mortgage Meltdown.)