Comments on: NYT Economics Reporter Covers His Own Financial Meltdown

By: DaveLucasNotes

DaveLucasNotes — Mon, 18 May 2009 22:20:15 +0000

Imagine… how many more? How many more of us in the same boat? How many more mortgages will sour? We haven't hit bottom yet, despite what “they” are telling us!

By: Dave Lucas

Dave Lucas — Mon, 18 May 2009 15:20:15 +0000

Imagine… how many more? How many more of us in the same boat? How many more mortgages will sour? We haven't hit bottom yet, despite what “they” are telling us!

By: johnmayer76

johnmayer76 — Mon, 18 May 2009 02:20:41 +0000

It is estimated that Obama's plan could benefit 8 to 9 million homeowners from the new modification procedures. So how do you know you qualify for the Mortgage Modification? Check the website http://obamamortgage2009.blogspot.com/
to see if you qualify. I was also in trouble and I am glad I did check it before I talk to my mortgage company and it helped - John Mayer, California

By: Uncle Fred

Uncle Fred — Sun, 17 May 2009 16:29:42 +0000

It reminds me of the song "I'm Busted" by Aunt Effy

http://www.youtube.com/watch?v=2HSu00C2CO8

By: Mortgage Refinance Loan - Orphans, churches burnt by Credit Sail - Stuff « Mortgage Refinance Loan

Fri, 15 May 2009 20:15:06 +0000

[...] NYT Economics Reporter Covers His Own Financial Meltdown – The Washington Independent.comThere’s a lot of buzz already about New York Times economic reporter Edmund L. Andrews’ account of his personal financial crisis in “Busted: Life Inside the Great Mortgage Meltdown.” Mainly it’s because more than a few financial blogs [...]

By: Continuum

Continuum — Fri, 15 May 2009 13:59:49 +0000

This guy sealed his financial doom when he ended up paying his ex-wife $4,000 for child support for two kids thus leaving himself less than half his salary to live on. One wonders what justifies $2,000 for each kid.

By: Maitri

Maitri — Fri, 15 May 2009 12:30:49 +0000

“One assumption here is that we’re all still entitled to spend, even when the money is gone. And that the consequences we’ll face for our actions will be … what, exactly?”

It is the MAIN assumption, not to be taken lightly. And it isn't simply Andrews's problem, it is the entire nation's. While the credit card companies are government-enabled daylight robbers who will kick you when you are down, it ultimately boils down to what consumers judge as needs as opposed to wants and their self-inflicted dependence on this system. Yes, the banks are unethical entities who must have the book thrown at them and repeatedly, but ultimately the lack of consumer responsibility and their enduring sense of entitlement is akin to a drug addict blaming his dealer.