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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...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cambridge, MA :
Harvard University Press,
[2020]
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| Temas: | |
| Acceso en línea: | Texto completo Texto completo |
| Sumario: | 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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| Descripción Física: | 1 online resource (352 p.) |
| ISBN: | 9780674246942 9783110690057 |
| Acceso: | restricted access |