Review: Loved it!
Rating: 5 out of 5
Date: 07 5, 2014
I thoroughly enjoyed this book. Pinkslipped is not only about the main character losing her job, but this book touched base on the very core foundation that shook the American economy. The credit card interest rate. You know those credit cards that send you 0% interest check, then when you missed the payment by one day, your APR goes up to 30%. Yes, bank knew that will happen. In fact, at one point, bank did this without notifying the consumers. This was what happened to the main character. Although the character didn’t spend it on lavish spending, but she spend it on the house that she remodeled hoping to get it all back, but instead, the investment house when on foreclosure. So, there’s the housing bubble that played a big role. Also, fraudulent practices of some lenders during the loan origination process played another. The influx of H1B Visa, that according to this book, many were from India, played a role in her long unemployment years. The messages are subtle, but they are there. You just gotta have an open mind about it.