"[1] In the book, Andrews described his own mortgage crisis as a case study of recklessness during the housing bubble by home buyers like himself as well as by lenders and Wall Street.
In addition to recounting his own fateful decisions, Andrews examined the downfall of two of his major lenders, and the actions of the Wall Street firms that supported them.
"[6] Bradford DeLong, professor of economics at UC Berkeley, analyzed Hoyt's comments and concluded "he should have revealed the second bankruptcy, if only to head off the criticism, but because it shapes how we assess the damage done by the too-easy availability of credit".
In 2007, he won an award for project reporting from the Society of American Business Editors and Writers for stories revealing that the Interior Department was failing to collect billions of dollars in oil and gas royalties.
[8] He blogged for Capital Gains and Games[9] and became senior Washington writer for a digital economic news start-up, the Fiscal Times.