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Download Busted: Life Inside the Great Mortgage Meltdown Audiobook

Extended Audio Sample Busted: Life Inside the Great Mortgage Meltdown, by Edmund L. Andrews Click for printable size audiobook cover
3 out of 53 out of 53 out of 53 out of 53 out of 5 3.00 (122 ratings) (rate this audio book) Author: Edmund L. Andrews Narrator: Dick Hill Publisher: Tantor Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date:
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Veteran New York Times economics reporter Edmund L. Andrews was intimately aware of the dangers posed by easy mortgages from fast-buck lenders. But, eager to buy a home and start a new life, he gave in to temptation and began a surreal adventure into the mortgage mayhem that nearly wrecked our economy.

Busted weaves together the author’s own ride to the edge of bankruptcy with the tragicomic stories of his lenders, the Wall Street pros behind them, and the policymakers in Washington who were oblivious until it was too late. The story takes Andrews to the offices of Alan Greenspan, the mansions of subprime-mortgage millionaires in southern California, a despondent deal makers’ convention in Las Vegas, and Wall Street. 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.

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Quotes & Awards

  • “An outstanding, highly accessible primer on the epic rise and disastrous fall of the housing market…Andrews’s account sheds powerful light on one of the darkest corners of American business history.”

    Boston Globe

  • “This deeply personal exposé is timely and sobering in its candor.”

    Publishers Weekly (starred review)

  • “Dick Hill gives a rousing performance…With Hill in command, this analysis of the financial meltdown makes for absorbing—and surprisingly entertaining—listening.”

    Publishers Weekly (starred audio review)

Listener Opinions

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 by Bibliophile | 2/7/2014

    " Edmund Andrews, the economics reporter for the New York Times offers a salutary lesson in how and why ordinary people all over America got so caught up in the real-estate bubble that they never stopped to think about how they were literally mortgaging their future. Andrews details how easy it was for him to get an enormous loan - far larger than he could ever hope to pay back - for a house that he didn't really need but wanted because he was caught up in a fever of love for his new wife, Patti. Busted is a fascinating read, but apparently, Andrews failed to disclose that Patti filed for the second of her two bankruptcies during the time-period he chronicles in Busted and frankly, even from her description in the book, she sounds less "ordinary person" and more entitled spendthrift (she can't seem to give up her J. Crew clothes or her expensive cheeses) and Andrews sounds like a besotted schmoe who ignored his own misgivings until it was too late. "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 by Moira Webster-Larranaga | 1/18/2014

    " The personal story was interesting. The technical side, not so much. And, not so different from what I knew from watching the news. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 by David Edeli | 1/16/2014

    " Just finished this. Andrews does a great job of explaining the housing bubble that caused the financial crisis. The book is also a mea culpa from an admitted "reflexive believer in the free market," which is refreshing. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 by Nerak | 1/1/2014

    " Makes the mortgage meltdown interesting - factual breakdown interspersed with personal story of money gone wrong. "

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About the Author
Author Edmund L. Andrews

Edmund L. Andrews is an economics reporter. A contributor to the New York Times for sixteen years, he is currently a senior Washington writer for the Fiscal Times. He lives in Silver Spring, Maryland.