Description: About this Item The item is a book Paperback The Author Name is Herman M. Schwartz The Title is Subprime Nation : American Power, Global Capital, and the Housing Bubble Condition New Other Comments Pages Count - 280. Category - Business & Economics Product Description - 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, have helped pull in a disproportionately large share of world capital flows.As events since mid-2008 have made clear, mortgage lenders became ever more eager to extend housing loans, for the more mortgage packages they securitized, the higher their profits. As a result, they were dangerously inventive in creating new mortgage products, notably adjustable-rate and subprime mortgages, to attract new, mainly first-time, buyers into the housing market. However, mortgage-based instruments work only when confidence in the mortgage system is maintained. Regulatory failures in the American S&L sector, the accounting crisis that led to the extinction of Arthur Andersen, and the subprime crisis that destroyed Lehman Brothers and Merrill Lynch and damaged many other big financial institutions have jeopardized a significant engine of economic growth. Schwartz concentrates on the impact of U.S. regulatory failure on the international economy. He argues that the "local" problem of the housing crisis carries substantial and ongoing risks for U.S. economic health, the continuing primacy of the U.S. dollar in international financial circles, and U.S. hegemony in the world system. We Use Stock Images Because we have over 2 million items for sale we have to use stock images, this listing does not include the actual image of the item for sale. The purchase of this specific item is made with the understanding that the image shown in this listing is a stock image and not the actual item for sale. For example: some of our stock images include stickers, labels, price tags, hyper stickers, obi's, promotional messages, signatures and or writing which may not be available in the actual item. When possible we will add details of the items we are selling to help buyers know what is included in the item for sale. The details are provided automatically from our central master database and can sometimes be wrong. Books are released in many editions and variations, such as standard edition, re-issue, not for sale, promotional, special edition, limited edition, and many other editions and versions. The Book you receive could be any of these editions or variations. If you are looking for a specific edition or version please contact us to verify what we are selling. Gift IdeasThis is a great Christmas gift idea. Hours of ServiceWe have many warehouses, some of the warehouses process orders seven days a week, but the Administration Support Staff are located at a head office location, outside of the warehouses, and typically work only Monday to Friday. Location ID 9000z iHaveit SKU ID 167376244
Price: 52.79 USD
Location: US
End Time: 2025-01-21T11:25:41.000Z
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Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Fiction/Non-Fiction: Non-Fiction
Genre/Subject: Business Economics
Brand: Cornell Studies in Money
Weight: 0.4
Style: NA
Title: Subprime Nation American Power Global Capital and the Housing
Release Title: Subprime Nation American Power Global Capital and the Housing
Record Grading: New
Sleeve Grading: New
Platform: NA
Size: NA
Film/TV Title: Subprime Nation American Power Global Capital and the Housin
Colour: NA
Material: NA
Department: NA
Movie/TV Title: Subprime Nation American Power Global Capital and the Housin
UPC: 9780801475672
EAN: 9780801475672
ISBN: 9780801475672
Main Stone: NA
Metal Purity: NA
Metal: NA
Connectivity: NA
Model: NA
Book Title: Subprime Nation : American Power, Global Capital, and the Housing Bubble
Number of Pages: 280 Pages
Language: English
Publisher: Cornell University Press
Publication Year: 2009
Topic: Economic History, International / Economics, Political Economy, Finance / General, Real Estate / Mortgages, Public Policy / City Planning & Urban Development, Economic Conditions, Public Policy / Economic Policy
Item Height: 0.7 in
Illustrator: Yes
Genre: Political Science, Business & Economics
Item Weight: 16 Oz
Author: Herman M. Schwartz
Item Length: 9.2 in
Book Series: Cornell Studies in Money Ser.
Item Width: 6.1 in
Format: Trade Paperback
