PLSC 270: Capitalism: Success, Crisis and Reform
Lecture 13 - The Mortgage Meltdown in Cleveland. 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. (from oyc.yale.edu)
| Lecture 13 - The Mortgage Meltdown in Cleveland |
| Time | Lecture Chapters |
| [00:00:00] | 1. Introduction |
| [00:05:30] | 2. Home Ownership in the United States: 1900-2000 |
| [00:10:26] | 3. The Home Owners Loan Corporation |
| [00:13:09] | 4. Case-Schiller Home Price Index and the Mortgage Meltdown in Cleveland |
| [00:18:26] | 5. Posner and "The Depression of '08" |
| References |
| Lecture 13 - The Mortgage Meltdown in Cleveland Instructor: Professor Douglas W. Rae. Transcript [html]. Audio [mp3]. Download Video [mov]. |
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