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Economics/Finances The Housing Boom and Bust (Audiobook)

Posted on 2010-03-16




Name:Economics/Finances The Housing Boom and Bust (Audiobook)
ASIN/ISBN:1433294052
Language:English
File size:72.33 Mb
Publish Date: 2009
ISBN: 1433294052, 1433294079
File Type: mp3
File Size: 72,33 MB
Other Info: Blackstone Audio, Inc.; Audio CD
   Economics/Finances The Housing Boom and Bust (Audiobook)

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Thomas Sowell, "The Housing Boom and Bust"

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.

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.

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.

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