Edmund Andrews
razib | May 22, 2009Megan McArdle posts Edmund Andrews' response to her revelation of his wife's bankruptcies. Megan concludes:
On a very broad note, I don't see this as a story about the goodness or badness of Andrews or Barreiro--and I've been dismayed by some of the nastiness about her in comments here and elsewhere. Rather, I think this matters because the story Andrews told was basically about the subprime crisis, and the book casts him as a sort of everyman, lured in by cheap credit and a likeable scoundrel of a mortgage broker. That may be what happened to many, or most people in the mortgage crisis--…
razib | May 21, 2009Most people have probably read Edmund Andrews' piece in The New York Times, My Personal Credit Crisis (expanded into the book Busted: Life Inside the Great Mortgage Meltdown). Many raised eyebrows when reading this:
We had very different ideas about money. Patty spent little on herself, but she refused to scrimp on top-quality produce, Starbucks coffee, bottled juices, fresh cheeses and clothing for the children and for me. She regularly bought me new shirts and ties to replace the frayed and drab ones in my closet. She thought it wasn't worth agonizing over nickels and dimes. I was almost…