The housing boom and bust /
Thomas Sowell.
- New York : Basic Books, 2009.
- vii, 184 p. :
Includes bibliographical references (p. 151-179).
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.
9780465018802 0465018807
Housing--Prices--United States. Secondary mortgage market--United States. Subprime mortgage loans--United States. Financial crises--United States.