The Bag Lady Papers - Alexandra Penney(2010)
I can sympathise with Alexandra Penney, as I have a similar recurring nightmare of ending up on the streets with no money and nowhere to live. Alexandra Penney however lives in Manhattan, with other homes in Florida and Long Island, with mortgages on them and money invested with Bernie Madoff. In 2008, after news of his arrest she realizes that all of the money she has invested with him is gone, and she is left with little savings and large mortgages to pay.
It was interesting to hear about her many high flying careers with Vogue, Glamour and Self magazines and with money spent on fancy clothes, handbags and holidays. She also was the author of several sex books, making her good money and was able to dabble in her artistic tendencies, having a studio for her photography.
It is different scenario than most of us face, where we struggle to pay our bills week to week, and have to juggle what to buy at the supermarket. I do feel sorry for many of these investors who lost their money and life savings, but really they put all of their eggs in one basket, and to risk mortgaging your house to make money with investment bankers hasn't really worked out so well lately.
3/5
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