Category Archives: Economy
Busted
Edmund Andrews went bankrupt. He did it like most people by buying a house he couldn’t afford. The thing is he’s not like most people. He covers the Fed for the New York Times. And unlike most people, his solution to his problem was to write a tell-all book about his problem (here’s the short version in the Times Magazine). But it turns out he didn’t quite tell all. His wife went bankrupt twice before. Yvette Kantrow cuts him no slack in this Huffington Post piece.
Mum on Merrill
Bank of America shareholders are not happy about being infected by Merrill Lynch’s toxic assets. Ken Lewis, the fired chairman, says Paulson and Bernanke pressured him to keep Merrill Lynch’s sickly condition secret while Bank of America acquired it. Here’s a story in Forbes and here is a WSJ editorial.
