Prudent lending restored

By Robert E. Litan, Richard Herring, Yasuyuki Fuchita

Subjects: Financial crises, Asset-backed financing, Mortgage loans

Description: "Examining growth of complex securitized structures in U.S. and world markets, provides a timeline of key events, proposing explanations for the resulting financial crisis. Offers suggestions on securitization reform, including a solution to insure the mortgage market against default risk. Provides strategies to increase transparency and encourage more prudent lending"--Provided by publisher.