The Great American Housing Bubble - Levitin, Adam J; Wachter, Susan M
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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 déjà vu, w¬e need carefully regulated securitization.

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Produktbeschreibung
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 déjà vu, w¬e need carefully regulated securitization.
Autorenporträt
Adam J. Levitin is Agnes N. Williams Research Professor and Professor of Law at Georgetown University Law Center. He spearheaded the Congressional Oversight Panel¿s foreclosure prevention efforts during the financial crisis.