The Housing Boom and Bust
Author:
Thomas SowellPublisher:
Basic BooksPublication Date:
05-12-2009ISBN:
9780465018802Pages:
192Subjects:
Financial CrisesHousing
Mortgage Loans
United States
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Available as:
Hardback, 9780465018802 Audio cassette, 9781433294044 CD-Audio, 9781433294082 CD-Audio, 9781433294051 CD-Audio, 9781433294075 Downloadable audio file, 9781433294105 Paperback, 9780465019861
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Description:
Scary headlines and scarier statistics tell the story of a financial crisis on a scale not seen in decades—certainly not within the lifetime of most Americans. Moreover, this is a worldwide financial crisis. Financial institutions on both sides of the Atlantic have either collapsed or have been saved from collapse by government bailouts, as a result of buying securities based on American housing values that eroded or evaporated.
Now completely revised in paperback,The Housing Boom and Bustis designed to unravel the tangled threads of that story. It also attempts to determine whether what is being done to deal with the problem is more likely to make things better or worse.
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