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...
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Format: | eBook |
Language: | English |
Published: |
Cambridge ; Massachusetts ; London ; England
Harvard University Press
2020, ©2020
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Collection: | DeGruyter MPG Collection - Collection details see MPG.ReNa |
Summary: | 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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Physical Description: | 352 Seiten |
ISBN: | 978-0-674-24694-2 9780674246928 9780674246935 |