Prudent Lending Restored (English, Yasuyuki Fuchita | Richard J. Herring | Robert E. Litan)
by Yasuyuki Fuchita | Richard J. Herring | Robert E. Litan
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Book Details
Publisher
Brookings Institution Press
Language
English
ISBN-13
9780815703365
ISBN-10
0815703368
Author
Yasuyuki Fuchita | Richard J. Herring | Robert E. Litan
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
ISBN-13: 9780815703365
ISBN-10: 0815703368
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Yasuyuki Fuchita | Richard J. Herring | Robert E. Litan is the author of Prudent Lending Restored. Browse more books by Yasuyuki Fuchita | Richard J. Herring | Robert E. Litan on BookBajar.
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Product ID: isbn-9780815703365
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