The housing boom and bust

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Publisher:
Varies, see individual formats and editions
Pub. Date:
2009.
Language:
English
Description
This is a plain-English explanation of how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The “creative” financing of home mortgages and the even more “creative” marketing of financial securities based on American mortgages to countries around the world, are part of the story of how a financial house of cards was built up—and then suddenly collapsed.

The politics behind all this is another story full of strange twists. No punches are pulled when discussing politicians of either party, the financial dangers they created, or the distractions they created later to escape their own responsibility for what happened when the financial house of cards in the financial markets collapsed.

What to do, now that we are in the midst of an economic disaster, is yet another story—one whose ending we do not yet know, but one whose outlines and implications are explored to reveal some surprising and sobering lessons.

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ISBN:
9780465018802
9781481545181
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Grouping Information

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full_title housing boom and bust
author sowell thomas
grouping_category book
lastUpdate 2017-10-21 05:50:57AM

Solr Details

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auth_author2 Dean, Robertson.
author Sowell, Thomas, 1930-
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display_description Explains how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and "creative" marketing of financial securities based on these mortgages to countries around the world, are part of the story of how a financial house of cards was built up--and then collapsed.
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subject_facet Financial crises -- United States, Housing -- Prices -- United States, Secondary mortgage market -- United States, Subprime mortgage loans -- United States
title_display The housing boom and bust
title_full The Housing Boom and Bust, The housing boom and bust / Thomas Sowell, The housing boom and bust [electronic resource] / Thomas Sowell
title_short The housing boom and bust
title_sub
topic_facet Business, Nonfiction