21. Credit Crisis: The Sky is not Falling
- Author:
- Anthony Downs
- Publication Date:
- 10-2007
- Content Type:
- Policy Brief
- Institution:
- The Brookings Institution
- Abstract:
- U.S. stock markets are gyrating on news of an apparent credit crunch generated by defaults among subprime home mortgage loans. Such frenzy has spurred Wall Street to cry capital crisis. However, there is no shortage of capital – only a shortage of confidence in some of the instruments Wall Street has invented. Much financial capital is still out there looking for a home.
- Topic:
- Economics and Markets
- Political Geography:
- United States