Susan M. Wachter's Books

The Great American Housing Bubble

What Went Wrong and How We Can Protect Ourselves in the Future

By: Adam J. Levitin,Susan M. Wachter

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The Great American Housing Bubble

What Went Wrong and How We Can Protect Ourselves in the Future

By: Adam J. Levitin,Susan M. Wachter

The definitive account of the housing bubble that caused the Great Recession—and earned Wall Street fantastic profits. The American housing bubble of the 2000s caused the worst global financial crisis since the Great Depression. In this definitive account, Adam Levitin and Susan Wachter pinpoint its source: the shift in mortgage financing from securitization by Fannie Mae and Freddie Mac to “private-label securitization” by Wall Street banks. This change set off a race to the bottom in mortgage underwriting standards, as banks competed in laxity to gain market share. The Great American Housing Bubble tells the story of the transformation of mortgage lending from a dysfunctional, local affair, featuring short-term, interest-only “bullet” loans, to a robust, national market based around the thirty-year fixed-rate mortgage, a uniquely American innovation that served as the foundation for the middle class. Levitin and Wachter show how Fannie and Freddie’s market power kept risk in check until 2003, when mortgage financing shifted sharply to private-label securitization, as lenders looked for a way to sustain lending volume following an unprecedented refinancing wave. Private-label securitization brought a return of bullet loans, which had lower initial payments—enabling borrowers to borrow more—but much greater back-loaded risks. These loans produced a vast oversupply of underpriced mortgage finance that drove up home prices unsustainably. When the bubble burst, it set off a destructive downward spiral of home prices and foreclosures. Levitin and Wachter propose a rebuild of the housing finance system that ensures the widespread availability of the thirty-year fixed-rate mortgage, while preventing underwriting competition and shifting risk away from the public to private investors.

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Page Count

401

Publisher

Harvard University Press

Published Date

ISBN 10

0674979656

ISBN 13

9780674979659

When Doctors Say No

The Battleground of Medical Futility

By: Susan B. Rubin

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When Doctors Say No

The Battleground of Medical Futility

By: Susan B. Rubin

The book is a fine addition to the world of academic medical ethics... Readers... will come away with some of the tools for further debate." -- Publishers Weekly "Susan B. Rubin's splendid new book... offers positive, humane solutions to the frustrations that have given rise to the futility debate." -- Carl Elliott, Medical Humanities Review "Rubin offers a thorough and thought-provoking exploration of the concept of futility as a basis for medical decisions." -- Choice "... [the] brilliant analysis found in Rubin's [book] couldn't be more timely.... When Doctors Say No is the most thorough philosophical rebuttal to be found in the literature of medical futility as the basis for unilateral decisionmaking by physicians." -- Charles Weijer, Canadian Medical Association Journal Should physicians be permitted to unilaterally refuse to provide treatment that they deem futile? Even if the patient, or the patient's family, insists that everything possible must be done? In this book, philosopher and bioethicist Rubin examines this controversial issue. She offers a critique of the concept of medical futility and the debate surrounding it, and she calls for more public debate about the underlying issues at stake for all of us -- patients, families, health care providers, insurers, and society at large.

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Page Count

214

Publisher

Indiana University Press

Published Date

ISBN 10

0253112966

ISBN 13

9780253112965

The Neurology of AIDS

By: Howard E. Gendelman, MD,Igor Grant, MD,Ian Paul Everall, MD, PhD,Howard S. Fox, MD, PhD,Harris A. Gelbard, MD, PhD,Stuart A. Lipton, MD, PhD,Susan Swindells, MBBS

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The Neurology of AIDS

By: Howard E. Gendelman, MD,Igor Grant, MD,Ian Paul Everall, MD, PhD,Howard S. Fox, MD, PhD,Harris A. Gelbard, MD, PhD,Stuart A. Lipton, MD, PhD,Susan Swindells, MBBS

From basic science to clinical care, to epidemiological disease patters, The Neurology of AIDS is the only complete textbook available on AIDS neurology and the only one comprehensive enough to stand alone in each segment of study in brain disorders affected by the human immunodeficiency virus. It is an indispensable resource for students, resident physicians, practicing physicians, and for researchers and experts in the HIV/AIDS field. Oxford Clinical Neuroscience is a comprehensive, cross-searchable collection of resources offering quick and easy access to eleven of Oxford University Press's prestigious neuroscience texts. Joining Oxford Medicine Online these resources offer students, specialists and clinical researchers the best quality content in an easy-to-access format.

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Page Count

1156

Publisher

Oxford University Press

Published Date

ISBN 10

0199875553

ISBN 13

9780199875559

The Great American Housing Bubble

What Went Wrong and How We Can Protect Ourselves in the Future

By: Adam J. Levitin,Susan M. Wachter

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The Great American Housing Bubble

What Went Wrong and How We Can Protect Ourselves in the Future

By: Adam J. Levitin,Susan M. Wachter

Average ratings

N/A

Write a review

Solve jigsaw puzzle

Age

Page Count

401

Publisher

Harvard University Press

Published Date

ISBN 10

0674979656

ISBN 13

9780674979659

Book's by Susan M. Wachter

The Great American Housing Bubble

The Great American Housing Bubble

When Doctors Say No

When Doctors Say No

The Neurology of AIDS

The Neurology of AIDS

The Great American Housing Bubble

The Great American Housing Bubble

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