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The housing boom and bust

Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world...

Full description

Main Author: Sowell, Thomas, 1930-
Format: Books Print Book
Language: English
Published: New York : Basic Books, 2009.
Subjects:
Housing > Prices
Secondary mortgage market.
Subprime mortgage loans > United States > History > 21st century.
Financial crises.
Summary: Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.
Physical Description: vii, 184 p. ; 25 cm.
Bibliography: Includes bibliographical references (p. 151-179) and index.
ISBN: 9780465018802
0465018807
Author Notes: Thomas Sowell has taught economics at Cornell, UCLA, Amherst and other academic institutions, and his Basic Economics has been translated into six languages. He is currently a scholar in residence at the Hoover Institution, Stanford University. He has published in both academic journals in such popular media as the Wall Street Journal , Forbes magazine and Fortune , and writes a syndicated column that appears in newspapers across the country.

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