Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Uploaded on Mar 31, 2011
Capitalism: Success, Crisis and Reform (PLSC 270)
Professor Rae discusses the subprime mortgage crisis. Major actors are presented and analyzed, including homebuyers, brokers, appraisers, lenders, i-banks, and rating and government agencies. Major actors' incentives and risks are assessed. Professor Rae also presents a brief history of government involvement in mortgage markets. Deregulation of the industry and its consequences are explored, and Professor Rae facilitates a discussion on apportioning blame for the collapse of the U.S. housing market.