The subprime crisis in historical perspective

Competitive Enterprise Institute
by Matthew Glans and Eli Lehrer

01/07/08

In recent weeks, it has become difficult to avoid news media warnings of economic calamity stemming from the subprime housing market collapse. For example, The Wall Street Journal recently warned that the subprime crisis could rival the fallout from Savings and Loan (S&L) meltdown in the 1990s and the bursting of the tech stock bubble in the early 2000s. ABC News has suggested that the proposed government actions to deal with the crisis do not go nearly far enough...

//www.cei.org/gencon/004,06330.cfm


Informant: Thomas L. Knapp



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