{"product_id":"9780132478892","title":"The Housing Crisis: What Happened and Why?","description":"\u003cp\u003eThis is the eBook version of the printed book.\u003c\/p\u003e \u003cp\u003eThis Element is an excerpt from \u003ci\u003eFinancing the Future: Market-Based Innovations for Growth \u003c\/i\u003e(9780137011278) by Franklin Allen and Glenn Yago. Available in print and digital formats.\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003eHow the housing bubble really happened: an explanation that’s simple, clear, sensible, authoritative, and \u003ci\u003eshort!\u003c\/i\u003e \u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e  \u003cp\u003eThe genesis of the housing bubble emerged from the ashes of the dot-com bust. To alleviate the downturn, the Federal Reserve drastically reduced interest rates, and the era of easy credit was under way. Other nations with massive foreign reserves were drawn to invest in the U.S., and, with Treasuries offering only meager returns, they began to eye mortgage-backed securities as a “safe” vehicle offering higher yields....\u003c\/p\u003e  \u003cp\u003e \u003c\/p\u003e","brand":"Pearson Education","offers":[{"title":"Default Title","offer_id":47080270627056,"sku":"9780132478892","price":1.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780132478892_p0.jpg?v=1763640970","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780132478892","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}