Edmund L. Andrews
Auteur van Busted: Life Inside the Great Mortgage Meltdown
Werken van Edmund L. Andrews
Tagged
Algemene kennis
- Geslacht
- male
- Nationaliteit
- USA
- Beroepen
- reporter
- Organisaties
- New York Times
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- Populariteit
- #268,028
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Andrews has also come under criticism for not disclosing in the book that his new wife had declared bankruptcy before they got married, which might be related to her—and his!—attitudes towards money as their problems built. They bought their house so that they’d have a big enough place for their combined families, but he was still paying so much alimony and she wasn’t getting the court-ordered child support, so his income didn’t match his actual ability to pay on the new mortgage; and there their troubles began. His personal story is interwoven with an account of how the mortgage crisis built and broke, but if you’ve been reading about this in the papers for a while there’s nothing new here. There is a point at the end where he recounts the evidence that subprime lenders targeted minorities, but he presents the “nondiscrimination” story that minorities were just riskier as about equally plausible—until he meets two (white) women who argue that they got worse loans because of their gender; one of them had essentially the same economic profile as he did and got her loan in the same area at the same time, but got a much, much worse loan, and his eyes were opened to the existence of bias! Well, as they say, let’s not focus on his lateness to the party and be glad that he showed up at all, I guess.… (meer)