Foreclosed: high-risk lending, deregulation, and the undermining of America's mortgage market

摘要

Dan Immergluck's Foreclosed: High-risk Lending, Deregulation, and the Undermining of America's Mortgage Market provides a good introduction to what caused the financial mess that we find ourselves in. Immergluck is one of the best scholars looking at this topic across disciplines, and the book demonstrates the depth and breadth of his knowledge and insight. Given, however, that the book was written before the credit crisis has fully taken its course, it does have certain limitations which I will discuss below.