The Mortgage Bubble - Just the Facts

The Independent Institute has a new report (pdf) about the history of the mortgage bubble, and its subsequent collapse. It makes the same arguments, and uses of the same data (and much more) I used here. But the history of the political interference in the mortgage market that revved up in the early 1990s is far superior. Essential reading for anyone who wants to understand the mortgage mess as a failure of government, pure and simple.