America's Brewing Debt Crisis Audiobook By Robert Litan cover art

America's Brewing Debt Crisis

Preview
LIMITED TIME OFFER

3 months free
Try for $0.00
Offer ends July 31, 2025 at 11:59PM PT.
Pick 1 audiobook a month from our unmatched collection.
Listen all you want to thousands of included audiobooks, Originals, and podcasts.
Access exclusive sales and deals.
Premium Plus auto-renews for $14.95/mo after 3 months. Cancel anytime.

America's Brewing Debt Crisis

By: Robert Litan
Narrated by: Kevin Stillwell
Try for $0.00

$0.00/mo. after 3 months. Offer ends July 31, 2025 at 11:59PM PT. Cancel anytime.

Buy for $1.95

Buy for $1.95

Confirm purchase
Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use, License, and Amazon's Privacy Notice. Taxes where applicable.
Cancel

About this listen

Almost as soon as the financial crisis struck in late 2007, policy-makers began working to prevent another one. The roots of the crisis, they contended, lay in reckless lending and excess debt. Banks had made massive loans to “subprime” borrowers, who had little ability to repay them, and the banks funded these investments with borrowed money. When the US housing bubble burst, millions of Americans defaulted on their mortgages, and the overleveraged banks collapsed. The government had to bail them out, and US taxpayers picked up the bill.

"America's Brewing Debt Crisis" is from the September/October 2016 issue of Foreign Affairs.

©2016 Foreign Affairs (P)2016 Audible, Inc.
Social Sciences
No reviews yet