A New York Times financial reporter describes how he got tied up in the foreclosure crisis.

I guess the article is a good description of the mania that gripped the nation,^* but it makes me feel like a peeping Tom, so I let it percolate in my mind for a while.

It’s informative, but it made me feel like I was intruding to read it.

^*Well, not so much me, I bought a house in 2004 with a 30 year fixed rate mortgage and 20% down, at only about a 15% greater payment than the half a duplex I was renting, I had to move, and so I bought, even though I though houses were overpriced.