Well, Italy had been overrun by the War, there had practically been civil war, north and south of the Gothic Line, heavy bombing, the northern industrial cities had been bombed heavily and we had political disorder before 1948.
![]() |
Nationality: Italian Type: Businessman Born: March 12, 1921 Death: January 24, 2003 |
There's not a moment on it that will sound too familiar, as soon as it sounds comfortably familiar then we like to do something with it to take away that comfortable feeling.
Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like.

