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What Caused the Financial Crisis by Jeffrey Friedman, Richard A. Posner is a nonfiction available to read on EtoBox.

What is What Caused the Financial Crisis about?

The deflation of the subprime mortgage bubble in 2006-7 is widely agreed to have been the immediate cause of the collapse of the financial sector in 2008. Consequently, one might think that uncovering the origins of subprime lending would make the root causes of the crisis obvious. That is essentially where public debate about the causes of the crisis began—and ended—in the month following the bankruptcy of Lehman Brothers and the 502-point fall in the Dow Jones Industrial Average in mid-September 2008. However, the subprime housing bubble is just one piece of the puzzle. Asset bubbles inflate and burst frequently, but severe worldwide recessions are rare. What was different this time?In __What Caused the Financial Crisis__ leading economists and scholars delve into the major causes of the worst financial collapse since the Great Depression and, together, present a comprehensive picture of the factors that led to it. One essay examines the role of government regulation in expanding home ownership through mortgage subsidies for impoverished borrowers, encouraging the subprime housing bubble. Another explores how banks were able to securitize mortgages by manipulating criteria used f

Who reads What Caused the Financial Crisis?

Author

Jeffrey Friedman, Richard A. Posner

Publisher

University of Pennsylvania Press, Incorporated

Published

2010

Language

EN

ISBN

9780812221183

Category

nonfiction

Subjects

Business, Economics, History

Updated

2026-03-24