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1) The great American housing bubble: what went wrong and how we can protect ourselves in the future
Author
Publisher
Harvard University Press
Pub. Date
2020.
Language
English
Description
"The American housing bubble of the 2000s caused the worst global financial crisis since the Great Depression. In this definitive account, Adam Levitin and Susan Wachter pinpoint its source: the shift in mortgage financing from securitization by Fannie Mae and Freddie Mac to "private-label securitization" by Wall Street banks. This change set off a race to the bottom in mortgage underwriting standards, as banks competed in laxity to gain market share....
Author
Pub. Date
2009.
Language
English
Formats
Description
Drawing on exclusive access to J.P. Morgan CEO Jamie Dimon and a tightly bonded team of bankers known on Wall Street as the "Morgan Mafia"—as well as in-depth interviews with dozens of other key players, including Treasury Secretary Timothy Geithner—Gillian Tett brings to life in gripping detail how the Morgan team's bold ideas for a whole new kind of financial alchemy helped to ignite a revolution in banking, and how that revolution escalated...
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