"The icy slap of reality hit me two weeks after New Year's Day in January 2005. I walked out of the Times's Washington bureau, two blocks north of the White House, and crossed Farragut Square to my bank. I had a bad feeling about what the ATM would reveal about my balance, but I was shocked when I looked at the receipt: $196. For practical purposes, we were broke."
A compendium of breathtakingly bad judgment and cynicism on the part of the brainiest people and biggest institutions in American finance, Busted is a darkly humorous, fun-house surreal, and ultimately devastating account of the mortgage crisis that triggered a global financial disaster and nearly bankrupted the author.
A compendium of breathtakingly bad judgment and cynicism on the part of the brainiest people and biggest institutions in American finance, Busted is a darkly humorous, fun-house surreal, and ultimately devastating account of the mortgage crisis that triggered a global financial disaster and nearly bankrupted the author.
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