The Bag Lady Photos

In an excerpt from her new book The Bag Lady Papers, Alexandra Penney on the depressing aftermath of losing her fortune to Bernie Madoff and the manifold indignities of downward mobility.

Anna Nicole 1

Anna Nicole 2

Betty Anne

Carrington

Charlotte M

Dara

Elektra and Orestes

Havana Woman

Jolee Sue

Liv

Monique

Neo-Castle Women

Puck on 57th Street

Sharonne

The Conversation

Valencia Sheets

Trophy Bride