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Paperback Subprime Nation: American Power, Global Capital, and the Housing Bubble Book

ISBN: 0801475678

ISBN13: 9780801475672

Subprime Nation: American Power, Global Capital, and the Housing Bubble

(Part of the Cornell Studies in Money Series)

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Format: Paperback

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Book Overview

In his exceedingly timely and innovative look at the ramifications of the collapse of the U.S. housing market, Herman M. Schwartz makes the case that worldwide, U.S. growth and power over the last twenty years has depended in large part on domestic housing markets. Mortgage-based securities attracted a cascade of overseas capital into the U.S. economy. High levels of private home ownership, particularly in the United States and the United Kingdom,...

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