false 3421852 1 <p>The subprime mortgage crisis has already wreaked havoc on the lives of millions of people and now it threatens to derail the U.S. economy and economies around the world. In this trenchant book, best-selling economist Robert Shiller reveals the origins of this crisis and puts forward bold measures to solve it. He calls for an aggressive response--a restructuring of the institutional foundations of the financial system that will not only allow people once again to buy and sell homes with confidence, but will create the conditions for greater prosperity in America and throughout the deeply interconnected world economy.</p><p> Shiller blames the subprime crisis on the irrational exuberance that drove the economy's two most recent bubbles--in stocks in the 1990s and in housing between 2000 and 2007. He shows how these bubbles led to the dangerous overextension of credit now resulting in foreclosures, bankruptcies, and write-offs, as well as a global credit crunch. To restore confidence in the markets, Shiller argues, bailouts are needed in the short run. But he insists that these bailouts must be targeted at low-income victims of subprime deals. In the longer term, the subprime solution will require leaders to revamp the financial framework by deploying an ambitious package of initiatives to inhibit the formation of bubbles and limit risks, including better financial information; simplified legal contracts and regulations; expanded markets for managing risks; home equity insurance policies; income-linked home loans; and new measures to protect consumers against hidden inflationary effects.</p><p> This powerful book is essential reading for anyone who wants to understand how we got into the subprime mess--and how we can get out.</p> 3462363 21 8 2008 The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do about It total:39|5:7|4:13|3:12|2:7| 39 137 79 17 4 1 false false Tue Dec 02 01:36:30 -0800 2008 Tue Dec 02 01:42:11 -0800 2008 more...]]> 5 1 false false Mon Mar 16 00:00:00 -0700 2009 Thu Mar 12 20:03:32 -0700 2009 Thu May 21 17:44:26 -0700 2009 more...]]> 3 0 false false Wed Jul 29 00:00:00 -0700 2009 Mon Jul 27 13:29:52 -0700 2009 Wed Jul 29 12:28:56 -0700 2009 1 more...]]> 4 0 false false Mon Apr 06 21:15:55 -0700 2009 Mon Apr 06 21:23:00 -0700 2009 more...]]> 5 1 false false Mon Oct 20 13:50:23 -0700 2008 Mon Oct 20 13:50:23 -0700 2008 -Homeownership is good for America
-An outline for a some fundamental changes to the financial system.]]> 5 0 false false Sat Aug 22 00:00:00 -0700 2009 Tue Jul 21 16:57:59 -0700 2009 Sat Aug 22 15:20:27 -0700 2009
First, the causes. Shiller says much the same ...more...]]> 2 1 false false Wed Jan 07 00:00:00 -0800 2009 Fri Jan 02 11:28:01 -0800 2009 Wed Jan 07 19:39:18 -0800 2009 3 0 false true Mon Dec 01 00:00:00 -0800 2008 Wed Dec 17 17:18:15 -0800 2008 Mon Dec 29 07:55:13 -0800 2008 more...]]> 4 0 false false Sat Sep 06 00:00:00 -0700 2008 Sun Sep 07 09:35:00 -0700 2008 Sun Sep 07 09:42:54 -0700 2008 more...]]> 3 1 false false Mon Dec 29 10:25:02 -0800 2008 Mon Dec 29 10:29:25 -0800 2008 4 0 false false Sat May 30 00:00:00 -0700 2009 Wed Feb 25 21:31:28 -0800 2009 Sat Jun 06 18:49:11 -0700 2009
...more...]]> 2 0 false false Thu Jun 04 19:04:19 -0700 2009 Thu Jun 04 19:05:03 -0700 2009
He's trading on his fame to sell ideas he just made up on the fly rather than carefully researching them.]]> 3 0 false false Wed Apr 15 01:54:31 -0700 2009 Wed Apr 15 01:55:18 -0700 2009 0 0 false false Sat Nov 01 00:00:00 -0700 2008 Mon Feb 16 16:16:20 -0800 2009 Mon Feb 16 16:16:59 -0800 2009 2 0 false false Sat Dec 06 20:25:39 -0800 2008 Sat Dec 06 20:26:03 -0800 2008 5 0 false false Mon Apr 06 00:00:00 -0700 2009 Mon Apr 20 19:39:15 -0700 2009 Wed Jun 03 12:02:22 -0700 2009
If you have no experience in real estate or mortgage, it may be difficult to pick up and understand the first time through. I would recommend reading it wit...more...]]> 5 0 false false Thu Oct 23 00:00:00 -0700 2008 Wed Oct 22 21:55:58 -0700 2008 Wed Oct 22 22:01:58 -0700 2008 more...]]> 0 0 false false Sat Oct 10 16:44:13 -0700 2009 Sat Oct 10 16:44:13 -0700 2009 5 0 false false Wed Oct 01 00:00:00 -0700 2008 Sun Sep 27 07:40:53 -0700 2009 Sun Sep 27 07:41:08 -0700 2009 0 0 false false Mon Jun 01 00:00:00 -0700 2009 Tue Sep 01 04:58:39 -0700 2009 Tue Sep 01 04:58:46 -0700 2009 http://www.goodreads.com/book_link/follow/8?book_id=3421852