‘Guaranteed to Fail’, a book by four NYU Stern professors is reviewed in The Economist.
A shorter but heavier book, “Guaranteed to Fail”, co-written by four professors at New York University’s Stern School of Business, one of whom used to sit on Freddie’s board, is a worthy complement to Ms Morgenson’s and Mr Rosner’s narrative-based work. It offers two useful things that are not to be found in the other book (apart from lots of charts and statistics). The first is a comparison of America’s mortgage system with those of other countries. Few have anything like the same level of state support, yet many have comparable levels of home ownership and housing affordability.