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The Crime Scene

In: Somebody in Charge

Author

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  • Pierre Lemieux

Abstract

Whatever influence we attach to the many economic circumstances surrounding the 2007–2009 economic crisis, we must not forget where precisely it started, that is, in the market for residential mortgage-backed securities (MBSs). At the very source of the crisis were two interrelated markets: the market for residential houses and the market for mortgage loans on these houses. This is, as it were, the crime scene, and we can’t hope to find the culprit if we don’t visit it.

Suggested Citation

  • Pierre Lemieux, 2011. "The Crime Scene," Palgrave Macmillan Books, in: Somebody in Charge, chapter 0, pages 103-122, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-11847-8_6
    DOI: 10.1057/9780230118478_6
    as

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