Wharton Tackles Why The Housing Market Sucks

Not to end the week on a downer, but I ran across an interesting study on the current state of the national housing market (there are plenty of analyses to go around, I know).

The Wharton University School of the University of Pennsylvania tackles the housing crisis in a special report, The Subprime Crisis, How Wall Street Alchemists, Ambitious Lender, Overreaching Consumers and Enabling Lawmakers Pushed the Economy to the Brink of Recession, and How to Avoid a Repeat.

Here’s a summary:

Youtube link to Wharton Summary of the Subprime Crisis

With articles, interactive features, podcasts, opinions, etc., it’s a comprehensive view the of housing mess we’re in nationally.

Their conclusion? Bottom line, it comes down to greed. No surprise there. It’s part of the human condition.

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6 comments June 20th, 2008