The housing boom and bust
By: Thomas Sowell.
Publisher: Basic Books
Published: 2009
Place of publication: New York
Language: eng
Number of pages: 184
ISBN-13: 9780465018802
Subjects: Housing -- Prices -- United States; Secondary mortgage market -- United States; Subprime mortgage loans -- United States; Financial crises -- United States
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.
Notes: Includes bibliographical references (p. 151-179) and index.