Can I read Busted : Life Inside the Great Mortgage Meltdown on EtoBox?

Busted : Life Inside the Great Mortgage Meltdown by Edmund L. Andrews is a business book available to read on EtoBox.

What is Busted : Life Inside the Great Mortgage Meltdown about?

The fiasco that sank millions of Americans, including one journalist, who thought he knew better. A veteran New York Times economics reporter, Ed Andrews was intimately aware of the dangers posed by easy mortgages from fast-buck lenders. Yet, at the promise of a second chance at love, he succumbed to the temptation of subprime lending and became part of the economic catastrophe he was covering. In surprisingly short order, he amassed a staggering amount of debt and reached the edge of bankruptcy. In Busted, Andrew bluntly recounts his misadventures in mortgages and goes one step further to describe the brokers, lenders, Wall Street players, and Washington policymakers who helped bring that money to his door. The result is a penetrating and often acerbic look at the binge and bust that nearly bankrupted the United States. Enabled by know-nothing complacency in Washington, Wall Street wizards used "collateralized debt obligations," "conduits," and other inscrutable financial "innovations" to put American home financing into hyperdrive. Millions of Americans abandoned the safety of thirty-year, fixed-rate mortgages and loaded up on debt. While regulators insisted that the markets knew

Who reads Busted : Life Inside the Great Mortgage Meltdown?

Author

Edmund L. Andrews

Publisher

W. W. Norton & Company, Incorporated

Published

2009

Language

EN

ISBN

9780393071283

Category

business

Subjects

Economics, Finance, Business

Rating

3.21 / 5 (156 ratings)

Updated

2026-03-14