Reblogged from The Past Speaks:
From the Knowledge@Wharton blog:
Ten years after the mortgage-fueled Great Recession, several of the market and structural components remain in place that could set the environment for the next crisis. In her latest research, Wharton management professor Natalya Vinokurova takes a historical look at the development of mortgage-backed securities and finds fascinating parallels to the present day. She spoke to Knowledge@Wharton about her papers, “Failure to Learn from Failure: The 2008 Mortgage Crisis as a Déjà vu of the Mortgage Meltdown of 1994” (Business History) and “How Mortgage-Backed Securities Became Bonds: The Emergence, Evolution, and Acceptance of Mortgage-Backed Securities in the United States, 1960–1987,” (Enterprise and Society) and why one should heed the warnings of history.
You can listen to the podcast here.