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The Great American Housing Bubble

- What Went Wrong and How We Can Protect Ourselves in the Future

Om The Great American Housing Bubble

Adam Levitin and Susan Wachter argue that the housing bubble of the 2000s was caused by private-label securitization. Competition among Wall Street banks set off a race to the bottom in mortgage underwriting that inflated home prices but yielded huge profits before the bubble burst. To avoid deja vu, we need carefully regulated securitization.

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  • Språk:
  • Engelsk
  • ISBN:
  • 9780674979659
  • Bindende:
  • Hardback
  • Sider:
  • 400
  • Utgitt:
  • 1. juni 2020
  • Dimensjoner:
  • 242x167x41 mm.
  • Vekt:
  • 770 g.
  Gratis frakt
Leveringstid: 2-4 uker
Forventet levering: 8. september 2025

Beskrivelse av The Great American Housing Bubble

Adam Levitin and Susan Wachter argue that the housing bubble of the 2000s was caused by private-label securitization. Competition among Wall Street banks set off a race to the bottom in mortgage underwriting that inflated home prices but yielded huge profits before the bubble burst. To avoid deja vu, we need carefully regulated securitization.

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