A reporter's credit crisis
Edmund Andrews, an economics reporter for The New York Times, offers a unique glimpse into his own credit nightmare.
Although Andrews knew the Federal Reserve well and wrote stories warning buyers about specific mortgages deals, he ended up stretching his finances beyond what he could afford.
Andrews story on his "personal credit crisis," offers an in-depth look at how he accumulated $805,700 in subprime debt by believing he could beat the odds.
Read the story here.
Although Andrews knew the Federal Reserve well and wrote stories warning buyers about specific mortgages deals, he ended up stretching his finances beyond what he could afford.
Andrews story on his "personal credit crisis," offers an in-depth look at how he accumulated $805,700 in subprime debt by believing he could beat the odds.
Read the story here.
Labels: credit, crisis, debt, Edmund Andrews, Federal Reserve, subprime, The New York Times
posted by Kelly Carr at
5/15/2009 11:25:00 AM
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