false <![CDATA[The Housing Boom and Bust]]> http://photo.goodreads.com/books/1256041159m/6388022.jpg 6388022 4 <DIV><DIV>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. The “creative” financing of home mortgages and the even more “creative” marketing of financial securities based on American mortgages to countries around the world, are part of the story of how a financial house of cards was built up—and then suddenly collapsed.<P>The politics behind all this is another story full of strange twists. No punches are pulled when discussing politicians of either party, the financial dangers they created, or the distractions they created later to escape their own responsibility for what happened when the financial house of cards in the financial markets collapsed.<P>What to do, now that we are in the midst of an economic disaster, is yet another story—one whose ending we do not yet know, but one whose outlines and implications are explored to reveal some surprising and sobering lessons.<br> <br></DIV> 6576300 24 4 2009 The Housing Boom and Bust total:54|5:20|4:18|3:13|2:3|1:0| 54 217 108 29 0 1 false false Thu Aug 27 00:00:00 -0700 2009 Thu Aug 27 06:34:35 -0700 2009 Thu Aug 27 08:33:24 -0700 2009 more...]]> 4 1 false false Thu Jul 30 00:00:00 -0700 2009 Sun Aug 02 11:09:29 -0700 2009 Sun Aug 02 11:23:02 -0700 2009
My favorite passage from the book:
"Despite differences of personalities and of the times, the und...more...]]> 4 0 false false Mon Sep 14 00:00:00 -0700 2009 Sat Sep 12 13:42:56 -0700 2009 Tue Sep 15 17:06:34 -0700 2009 more...]]> 5 0 false false Sun May 31 00:00:00 -0700 2009 Wed Jun 03 12:03:46 -0700 2009 Wed Jun 03 12:18:54 -0700 2009 more...]]> 3 1 false true Sun Jun 07 00:00:00 -0700 2009 Wed Jun 03 13:09:39 -0700 2009 Sun Jun 07 23:06:33 -0700 2009 1 more...]]> 4 0 false false Sat Oct 03 00:00:00 -0700 2009 Wed Oct 07 23:44:30 -0700 2009 Thu Oct 08 00:00:42 -0700 2009 The housing bubble was concentrated in a few metropolitan areas. In those areas, home buyers were spending a lager percentage of their income on housing. Banks were strong armed into lending to sub prime borrowers. Obstinate in the face of empiricism, politicians continued to...more...]]> 5 0 false false Sun Jul 26 00:00:00 -0700 2009 Sun Jul 26 12:38:57 -0700 2009 Sun Jul 26 12:43:13 -0700 2009 more...]]> 5 0 false false Mon Jun 22 00:00:00 -0700 2009 Thu Jun 04 08:04:56 -0700 2009 Tue Jun 23 05:56:45 -0700 2009 more...]]> 5 0 false false Sun Oct 25 00:00:00 -0700 2009 Wed Sep 23 10:31:08 -0700 2009 Sun Oct 25 20:55:11 -0700 2009 1 The Housing Boom and Bust is a thorough and scathing analysis of government interference in the housing and lending market, from land-use restrictions to the corrupt influence of Congress over federal regulators to the Community Reinvestment Act to the artificially low interest rates of the...more...]]> 3 0 false false Sat Sep 19 00:00:00 -0700 2009 Thu Sep 17 17:22:46 -0700 2009 Sat Sep 19 06:50:06 -0700 2009 more...]]> 4 0 false false Tue Sep 01 00:00:00 -0700 2009 Tue Jun 16 17:44:54 -0700 2009 Sun Oct 25 20:58:13 -0700 2009 more...]]> 5 0 false false Wed May 20 22:49:30 -0700 2009 Wed May 20 22:54:50 -0700 2009 more...]]> 3 0 false false Wed Sep 30 06:20:50 -0700 2009 Wed Sep 30 06:24:39 -0700 2009
He has some good stuff to say, but he ignores a lot the pieces to the puzzle... as far as FDR, he totally ignores the increase in GDP ...more...]]> 5 0 false false Tue Jun 09 00:00:00 -0700 2009 Tue Jun 16 07:23:29 -0700 2009 Tue Jun 16 07:29:14 -0700 2009 The main thing I took away from this book is that the counties that had the biggest boom/bust have very strict or ...more...]]> 4 0 false false Sun Jul 19 00:00:00 -0700 2009 Sun Jul 19 13:51:42 -0700 2009 Sun Jul 19 13:53:10 -0700 2009 more...]]> 5 0 false false Mon Jul 20 00:00:00 -0700 2009 Fri Jul 24 09:46:48 -0700 2009 Fri Jul 24 10:20:26 -0700 2009 3 0 false false Wed Jul 01 00:00:00 -0700 2009 Sat May 30 13:04:14 -0700 2009 Wed Sep 30 07:05:57 -0700 2009 more...]]> 5 0 false false Sun Aug 09 00:00:00 -0700 2009 Sat Aug 08 16:02:57 -0700 2009 Sun Aug 09 12:28:43 -0700 2009 2 0 false false Mon Jun 22 00:00:00 -0700 2009 Thu Jun 25 12:10:11 -0700 2009 Thu Jun 25 12:10:55 -0700 2009 --- Adam Smith
]]> 2 0 false false Thu Jun 18 11:44:42 -0700 2009 Thu Jun 18 11:46:44 -0700 2009 http://www.goodreads.com/book_link/follow/8?book_id=6388022