Hidden in plain sight : what really caused the world's worst financial crisis and why it could happen again /

Bibliographic Details
Main Author:	Wallison, Peter J.
Corporate Author:	ebrary, Inc
Format:	eBook
Language:	English
Published:	New York : Encounter Books, [2015]
Edition:	First American edition.
Subjects:	Housing > Finance > Government policy > United States. Mortgage loans > Government policy > United States. Subprime mortgage loans > Government policy > United States. Financial crises > Government policy > United States. United States > Economic policy > 2001-2009. Electronic books.
Online Access:	Connect to the full text of this electronic book

Table of Contents:

Introduction
The difference between prime and nontraditional mortgages (NTMS)
Red herrings : other explanations for the crisis
The housing finance market before the affordable housing goals
Government housing policies kick in
The affordable housing goals and the decline in underwriting standards
Force fed : the affordable housing goals, the gses, and the NTMS
Going viral : competition spreads the gses' reduced underwriting standards to the wider market
The great housing bubble
Ignorance and bliss : what was known about the NTM market before the crisis
How 32 million NTMS precipitated a financial crisis
Fair value accounting and collateral damage
Bad to worse : the government response
Conclusion.