Media Writing - Interview Sumary

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Professor

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Financial Crisis Upsets L .A . Residents

I feel lost ! I feel like I 'm going insane

Such are expressions of Eric Brown , 45 , when asked what he felt during the 2007-2008 U .S . economic recession

Brown is one of those thousands of workers in Los Angeles City who lost their jobs after several firms declared bankruptcy , resulting in business closure

I lost my job , which was the only thing that supported me and my family these past 20 years . My savings were not enough

when the economic crisis occurred . My unpaid debt and bills added to my worries . I ran everywhere hoping to find another job but most companies are no longer hiring because of the recession ' continues Brown

Having limited savings with a large amount of credit and a long list of bills was troubling many Americans during the period of the economic crisis

We regarded the period of recession as time of depression . And yes , I am very upset because for a long period I was confident that the nation would not experience such crisis as what happened in 1930s and in the early 1990s . The worst thing is that we are not prepared ' says Steffanie Seige , 28 , account executive of a garment boutique in Los Angeles

Siege recalls how low their business performance was for two consecutive years . Women who are fond of fashion have cut down their spending on stylish wardrobes . Even though we offer 50 percent off on new garments , such...