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Given a wry, lively reading by Dick Hill, Busted: Life Inside the Great Mortgage Meltdown tries to explain how the housing bubble expanded and collapsed within his own tragic-comic experience. Andrews’ story mixes memoir with interviews with mortgage specialists and his own analyses of the regulatory misjudgments that bolstered the subprime mortgage market.
Hill nicely plays the role of an exasperated journalist who is searching for the root causes of his own poor judgment.
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.
"Andrews's autopsy on his mortgage and the conditions that helped produce it is sharp and at times mordantly funny." (The New York Times Book Review)
"Read Busted for the insight....The president and every member of Congress should read this book." (The Washington Post)
Customer ReviewsMost Helpful
By James on 02-01-10
The best book on the mortgage crisis I've read.
This was an engaging and insightful look at the mortgage crisis. Mr. Andrews's has a unique perspective, both from Wall Street as a financial reporter and from Main Street as a foreclosed homeowner. He tells an interesting story, without being over-the-top. And, importantly, he brings some hard-earned wisdom and perspective to the situation.
I am a professional investor and am very familiar with the banking and financial side of the crisis. Unlike many books, this one was very accurate (if necessarily simplistic) about the financial industry.
The book is well narrated; the reader is interesting without being overly dramatic.