UTD Economics Prof Liebowitz Breaks Down the Mortgage Market Meltdown

University of Texas at Dallas economics prof Stan Liebowitz, heretofore hailed for his music-biz research, has the cover story in the latest issue of the National Review; a rather timely one too, as it performs an autopsy on the "mortgage market meltdown" and points fingers in, well, everyone's general direction -- except yours, subprime loan "bogeyman," so you're totally off the hook. (As Liebowitz writes, "The recent rise in foreclosures is not related empirically to the distinction between subprime and prime loans since both sustained the same percentage increase of foreclosures and at the same time.") The piece is subscription-only, but you're in luck: It's also a just-available 29-page chapter from the book Housing America: Building Out of a Crisis, which is due June 2009, if we actually get that far. --Robert Wilonsky

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


All-access pass to the top stories, events and offers around town.

  • Top Stories


All-access pass to top stories, events and offers around town.

Sign Up >

No Thanks!

Remind Me Later >