Journal Article
Smart money or dumb money: investors' role in the housing bubble
Li, Wenli (2015-01)
To explain the historic housing boom and bust, most analysis has identified easy credit in the form of low interest rates, subprime mortgages, and relaxed qualifications for borrowers. But as Wenli Li explains, recent research suggests an additional factor: real estate speculation.
Business Review , Issue Q1 , Pages 21-26

Journal Article
The government-sponsored enterprises: past and future
Elul, Ronel (2015-01)
Fannie Mae and Freddie Mac's role in the housing bubble and financial crisis remains controversial. Did they precipitate or at least worsen the crisis? How do their benefits compare against their losses? Ronel Elul traces their evolution and actions and outlines reform proposals.
Business Review , Issue Q1 , Pages 11-20