The Housing Boom and Bust

by Thomas Sowell Narrated by Robertson Dean

Overview

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 up and then suddenly collapsed.

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.

Sowell unravels the tangled threads of the situation and explores the implications to reveal some surprising and sobering lessons.

Editorial Reviews

From the Publisher

American Spectator
“An economic primer on the housing bubble, but more importantly, it is an examination of the ruling class's inability to leave well enough alone.”

Newsweek.com
“Sowell's account qualifies the standard story that greedy investment bankers and mortgage brokers caused the whole crisis.”

The Washington Times
“For anyone looking for a straightforward and honest discussion of the origins of our current crisis, informed by a deep understanding of both economics and politics, The Housing Boom and Bust is required reading.

Product Details

BN ID:	2940169894301
Publisher:	Blackstone Audio, Inc.
Publication date:	05/14/2009
Edition description:	Unabridged

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