The Housing Boom and Bust

 

Scary headlines and scarier statistics tell the story of a financial crisis on a scale not seen in decades-certainly not within the lifetime of most Americans. Moreover, this is a worldwide financial crisis. Financial institutions on both sides of the Atlantic have either collapsed or have been saved from collapse by government bailouts, as a result of buying securities based on American housing values that eroded or evaporated.

Learn more on the Basic Books website.