Customer Reviews for

Busted: Life Inside the Great Mortgage Meltdown

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  • Anonymous

    Posted August 26, 2009


    This book is a personal bailout in the guise of a memoir of a family's finances.

    In a nutshell: middle aged guy ditches wife and three kids for a woman who ditches her husband and four kids to be with him. Convinced that theirs is a love that shines brighter than the world has ever seen, he buys a house he knows he can ill afford because, well, they just want it. He doesn't have the money, and his new wife doesn't want to work, but he deserves it, you see. And, as an economics reporter for The New York Times, he knows exactly how to game the system. Until the system collapses.

    Edmund Andrews either doesn't have the skill or self-awareness to render himself or his wife in a sympathetic way. He is clearly besotted with her, although, hard as he tries to convince us of it (by telling us over and over again how sexy she is, how much he admires her high fashion sense and her love of fine food), it is exceedingly difficult to understand what he sees in her, or she in him. They both come across in his telling as nasty, self-involved, entitled people.

    As for the rest of it - the housing crisis, predatory lending, etc. - it's in there, and what there is, is okay. But you can pretty much get that information anywhere.

    There's a bit more to the story that the author isn't telling that some readers think is material to the story. But you'll have to go elsewhere to find out.

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  • Anonymous

    Posted July 7, 2009

    Not sure about this book...

    I got about half the way through and realized, the common thread seems to blame Bush and Greenspan. We all know there is plenty of blame, mainly on the left of the aisle for these shady loans. This, from a guy who should have know what he was doing and did not even know to get a home inspection. Kinda of hard to feel sorry for him especially when he has not taken full responsibilty for his actions.

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  • Anonymous

    Posted June 18, 2009

    No text was provided for this review.

  • Anonymous

    Posted July 28, 2009

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  • Anonymous

    Posted June 27, 2009

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