Housing Boom and Bust
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 of 2008. The “creative” financing of home mortgages, and the even more “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...
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 of 2008. The “creative” financing of home mortgages, and the even more “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...
