The Great American Housing Bubble What Went Wrong and How We Can Protect Ourselves in the Future
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...
Gespeichert in:
- Hauptverfasser:
- ,
- Format:
- Elektronisch E-Book
- Sprache:
- Englisch
- Veröffentlicht:
-
Cambridge, MA
Harvard University Press
[2020]
- Zusammenfassung:
-
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
- Umfang:
- 1 online resource (352 p.)
- ISBN:
- 9780674246942
- DOI:
- 10.4159/9780674246942
- Schlagworte:
- Links:
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