Busted: life inside the great mortgage meltdown

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Veteran New York Times economics reporter Edmund L. Andrews was intimately aware of the dangers posed by easy mortgages from fast-buck lenders. But, eager to buy a home and start a new life, he gave in to temptation and began a surreal adventure into the mortgage mayhem that nearly wrecked our economy. Busted weaves together the author's own ride to the edge of bankruptcy with the tragicomic stories of his lenders, the Wall Street pros behind them, and the policymakers in Washington who were oblivious until it was too late. The story takes Andrews to the offices of Alan Greenspan, the mansions of subprime-mortgage millionaires in southern California, a despondent deal makers' convention in Las Vegas, and Wall Street. Rich with on-the-ground reporting, Busted is a darkly humorous exploration of the cynicism and self-destructive judgment that led to America's biggest economic calamity in generations.
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ISBN:
9781400143320
9781400193325
140019332
9781400113323
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Grouped Work ID a56c492e-4014-2531-6843-f50dedec0781
full_title busted life inside the great mortgage meltdown
author andrews edmund l
grouping_category book
lastUpdate 2017-10-22 04:43:11AM

Solr Details

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auth_author2 Hill, Dick.
author Edmund L. Andrews
author2-role Hill, Dick., Tantor Media., hoopla digital.
author_display Andrews, Edmund L
available_at_arlington Central
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display_description

Veteran New York Times economics reporter Edmund L. Andrews was intimately aware of the dangers posed by easy mortgages from fast-buck lenders. But, eager to buy a home and start a new life, he gave in to temptation and began a surreal adventure into the mortgage mayhem that nearly wrecked our economy.

Busted weaves together the author's own ride to the edge of bankruptcy with the tragicomic stories of his lenders, the Wall Street pros behind them, and the policymakers in Washington who were oblivious until it was too late. The story takes Andrews to the offices of Alan Greenspan, the mansions of subprime-mortgage millionaires in southern California, a despondent deal makers' convention in Las Vegas, and Wall Street. Rich with on-the-ground reporting, Busted is a darkly humorous exploration of the cynicism and self-destructive judgment that led to America's biggest economic calamity in generations.

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publishDate 2009
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subject_facet Housing -- Prices -- United States, Housing -- United States -- Finance, Mortgages -- United States, Subprime mortgage loans -- United States
title_display Busted
title_full Busted Life Inside the Great Mortgage Meltdown, Busted [electronic resource] : life inside the great mortgage meltdown / Edmund L. Andrews, Busted [sound recording] : [life inside the great mortgage meltdown] / Edmund L. Andrews
title_short Busted
title_sub life inside the great mortgage meltdown
topic_facet Finance, Nonfiction