In “Neither a Lender Nor a Borrower Be” from the October New English Review, Theodore Dalrymple discusses his own first-hand encounter with the lending crisis:
With a large loan outstanding, I continued to receive, about every month or so, offers of a further loan of $50,000, no questions asked and mine for the borrowing by mere telephone call, just in case there were any little extras or extravagances I happened to feel like treating myself to (but apply now, before next month’s offer of precisely the same thing!). The principal example given of the little extras or extravagances to which I might want to treat myself was the holiday of a lifetime.
Two considerations led me to turn down all these kind offers. The first is that my taste in holidays of a lifetime runs more to observing civil wars than to lolling in the lap of luxury, and while sometimes expensive to go to, civil wars offer little in the way of sybaritic possibilities (though there was a surprising availability of pink champagne during the Liberian civil war, even if it was difficult to chill).