The U.S. Housing Bubble: Are CDOs To Blame?

Explaining The U.S. Housing Bubble: Are CDOs To Blame? Thomas Bernardin Saint Olaf College March 1, 2016 Abstract: I argue that a credit supply shift, originating in the CDO market in 2004, was a significant causal factor in the unsustainability of the credit driven housing boom of the early 2000’s. This paper sheds light on when…