The subprime solution: how today's global financial crisis happened and what to do about it

  • Shiller R
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Abstract

Awards: Association of American Publishers PROSE Award, 2008. Association of American Publishers PROSE Award, 2008. The subprime mortgage crisis of 2007-2008 has already wreaked havoc on the lives of millions and threatens to derail the U.S. economy and economies around the world. Here, economist Robert Shiller reveals the origins of this crisis and puts forward bold measures to solve it. He calls for an aggressive response--a restructuring of the institutional foundations of the financial system that will not only allow people once again to buy and sell homes with confidence, but will create the conditions for greater prosperity in America and throughout the deeply interconnected world economy.--From publisher description. Housing in history -- Bubble trouble -- The real estate myth -- A bailout by any other name -- The promise of financial democracy.

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Authors

  • Robert J. Shiller

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