Picks and Pans Review: Busted

updated 07/06/2009 AT 01:00 AM EDT

originally published 07/06/2009 AT 01:00 AM EDT

by Edmund L. Andrews |

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How could he? That's what you'll wonder as New York Times economics reporter Andrews confesses his own financial crisis. Covering the subprime meltdown didn't stop him from making "the biggest gamble of my life" by taking out a Don't Ask, Don't Tell mortgage on a $460,000 house in '04. The house wins this bet, as Andrews and his wife face foreclosure, spiraling debt and a strained marriage. While telling his tale, Andrews offers a clear explanation of how the nation wound up in similar straits. With luck, he and we will come out okay.

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