The Housing Boom and Bust
| AUTHOR | Sowell, Thomas |
| PUBLISHER | Basic Books (02/23/2010) |
| PRODUCT TYPE | Paperback (Paperback) |
Description
This is a plain-English explanation of 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 the even more "creative" marketing of financial securities based on American mortgages to countries around the world, are part of the story of how a financial house of cards was built up -- and then suddenly collapsed. The politics behind all this is another story full of strange twists. No punches are pulled when discussing politicians of either party, the financial dangers they created, or the distractions they created later to escape their own responsibility for what happened when the financial house of cards in the financial markets collapsed. What to do, now that we are in the midst of an economic disaster, is yet another story -- one whose ending we do not yet know, but one whose outlines and implications are explored to reveal some surprising and sobering lessons.
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Product Format
Product Details
ISBN-13:
9780465019861
ISBN-10:
0465019862
Binding:
Paperback or Softback (Trade Paperback (Us))
Content Language:
English
More Product Details
Page Count:
256
Carton Quantity:
32
Product Dimensions:
6.20 x 0.80 x 9.20 inches
Weight:
0.70 pound(s)
Feature Codes:
Bibliography,
Index,
Price on Product - Canadian,
Price on Product,
Table of Contents
Country of Origin:
US
Subject Information
BISAC Categories
Business & Economics | Real Estate - Mortgages
Grade Level:
College Freshman
and up
Dewey Decimal:
332.720
Descriptions, Reviews, Etc.
publisher marketing
This is a plain-English explanation of 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 the even more "creative" marketing of financial securities based on American mortgages to countries around the world, are part of the story of how a financial house of cards was built up -- and then suddenly collapsed. The politics behind all this is another story full of strange twists. No punches are pulled when discussing politicians of either party, the financial dangers they created, or the distractions they created later to escape their own responsibility for what happened when the financial house of cards in the financial markets collapsed. What to do, now that we are in the midst of an economic disaster, is yet another story -- one whose ending we do not yet know, but one whose outlines and implications are explored to reveal some surprising and sobering lessons.
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Author:
Sowell, Thomas
Thomas Sowell is a Senior Fellow at the Hoover Institution, Stanford University. He has been a professor of economics at leading American colleges and universities, and has lectured in Singapore, Israel, Switzerland, and Germany, as well as across the United States.
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List Price $18.99
Your Price
$18.80