The Housing Boom and Bust (CD) ~ Thomas Sowell (Author) Cover Art

The Housing Boom and Bust (CD)

By: Thomas Sowell (Author)


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Thomas Sowell, one of the top economic minds of our time, explains the details of the mortgage loan collapse, the biggest financial crisis he has ever witnessed. According to Sowell, one of the most disturbing aspects of the mortgage disaster is that it was a systemic breakdown, rather than an anomaly. The questionable ethics which helped foster the creation of "zero-interest" mortgages clearly existed at multiple levels of the housing industry and economic sector, from the individual realtors pushing such fairy-tale financial arrangements to the politicians who ignored the early warning signs. Sowell dissects the collapse from multiple angles, assigning blame and, more importantly, providing details on what steps need to be taken to ensure that the mistakes of the past are not repeated.

A cautionary tale covering the "who, what, why, and how" of the crisis that has brought the economy to its knees.



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