Brookings Institution Press
Prudent Lending Restored (English, Yasuyuki Fuchita | Richard J. Herring | Robert E. Litan)
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Product Description
About the Book
There is little dispute that the mortgage meltdown of 2007, created by irresponsible lending and lax oversight, helped lead to the global financial crisis. Why were these securities backed by subprime debt so desirable to so many seemingly sophisticated investors? The answer lies in distorted incentives, opaque securitization structures and a willingness to believe that house prices would continue to rise indefinitely and the hope for super-norma…
ISBN: 9780815703365
Book Specifications
| ISBN-13 | 9780815703365 |
| ISBN-10 | 0815703368 |
| Publisher | Brookings Institution Press |
| Category | Brookings Institution Press |
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