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The housing boom and bust

Author: Thomas Sowell
Publisher: New York : Basic Books, ©2009.
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:
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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Document Type: Book
All Authors / Contributors: Thomas Sowell
ISBN: 9780465018802 0465018807
OCLC Number: 303032174
Description: vii, 184 pages ; 25 cm
Contents: The economics of the housing boom --
The politics of the housing boom --
The housing bust --
Housing mystiques and housing mistakes --
The past and the future.
Responsibility: Thomas Sowell.
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Abstract:

A whole series of very questionable decisions by many people, in many places, built up the pressures that led to a sudden collapse of the housing market and of financial institutions that began to  Read more...

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