Edmund L. Andrews - Busted: Life Inside the Great Mortgage Meltdown

Edmund L. Andrews's expose of the causes behind the devastating mortgage crisis of 2008-2009 and after, is a through and sobering account of the recklessness of prospective homebuyers and the irresponsible actions of bankers and lenders. The economics correspondent for the distinguished New York Times, Andrews gathers and presents a wealth of stories about ordinary Americans whose irrational and exuberant house lust, accompanied by a deep psychology of denial, helped put them and the nation in the current precarious state. Andrews's account is made more poignant when he reveals that he himself was one of those buyer/victims. Desiring a lovely--and pricey--house in Maryland for himself and his family, Andrews may have had eyes that were bigger than his journalist's wallet, and he may have been abetted in his venture by equally exuberant and "helpful" bankers and lenders who smoothed the way for him. Like so many others, Andrews paid the price for his boldness. An engaging read and cautionary tale, BUSTED app

Key Information
Authors		Edmund L. Andrews
Nonfiction Category		Business & Economics
Narrator		Dick Hill
Book Editions
		Audio - Compact DiscUnabridgedAugust 03, 2009Tantor Media Inc5.25"(h) x 6.5"(w) x 1.25"(d), 0.5 lbs.9781400113323