Edmund Andrews, New York Times veteran economics reporter & author of “Busted: Life Inside the Great Mortgage Meltdown,” shares in this CNBC interview his own experience of falling into the subprime mortgage mess.
Though well-aware of the dangers (Andrews has been the paper’s chief eyes and ears on the Federal Reserve for the past six years) posed by easy mortgages from fast-buck lenders, he gave in to temptation.
Life Inside the Mortgage Meltdown
Andrews also wrote in the NYT about his story.
My Personal Credit Crisis
Oddly, he doesn’t mention his wife’s previous bankruptcies, Either of them.
http://meganmcardle.theatlantic.com/archives/2009/05/the_road_to_bankruptcy.php
The wife had two previous bankruptcies but this guy feels that they weren’t relevant to his current situation? How did this idiot become an economics reporter? Sounds like his mid life waning hormones got the better of him…….poor sap.