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My Own Private Mortgage Crisis23:51
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Busted
Ed Andrews ought to have known better.

Andrews is a longtime economics reporter for The New York Times. He’s covered interest rates and housing markets and mortgage lending; the Fed and Wall Street, busts and bubbles. So he should have known.

But life is complicated. Dreams are not always sensible. And even Ed Andrews got in over his head in the housing bubble. A house he couldn’t afford. Mortgage payments that got away from him. Too much alimony. Too little income.

Now he is one of the ocean of Americans waiting for foreclosure. This hour, On Point: The story of Ed Andrews, busted.

You can join the conversation. Tell us what you think — here on this page, on Twitter, and on Facebook.Guest:

Ed Andrews joins us from New York.  A veteran economics reporter for The New York Times, he tells his personal subprime mortgage story in his new book "Busted: Life Inside the Great Mortgage Meltdown."

Read an excerpt from the book that appeared in The New York Times Magazine this past Sunday.

This program aired on May 19, 2009.

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