The Great American Housing Bubble
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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 deja vu, we need carefully regulated securitization.
| Autor: | Levitin, Adam J; Wachter, Susan M |
| Nakladatel: | Harvard University Press |
| ISBN: | 9780674979659 |
| Rok vydání: | 2020 |
| Jazyk : | Angličtina |
| Vazba: | Hardback |
| Počet stran: | 352 |
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