I know a lot about the curveballs that the economy can throw at us. But in 2004, I joined millions of otherwise-sane Americans in what we now know was a catastrophic binge on overpriced real estate and reckless mortgages.
Edmund Andrews is a Times financial reporter promoting a new book claiming to detail his personal journey through the dark underside of easy mortgages. The Times gave him space in the NY Times magazine to talk up his story and his book.
"But missing from the story is any mention of the fact that his wife has filed for personal bankruptcy not once, but twice."
So is this a story of greedy mortgage brokers or nearly fraudulent mortgage applications? The former may be newsworthy; I'm pretty sure the latter is not.
No comments:
Post a Comment