The Great American Housing Bubble : What Went Wrong and How We Can Protect Ourselves in the Future
Book Details
Format
Hardback or Cased Book
ISBN-10
0674979656
ISBN-13
9780674979659
Publisher
Harvard University Press
Imprint
Harvard University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jun 1st, 2020
Print length
400 Pages
Weight
770 grams
Dimensions
16.70 x 24.20 x 4.10 cms
Product Classification:
Political science & theoryPopular economicsEconomic history
Ksh 7,350.00
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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 déjà vu, w¬e need carefully regulated securitization.
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