Wall Street and the Housing Bubble

The authors thank Vu Chau, Kevin Chen, Andrew Cheong, Tiffany Cheung, Alex Chi, Andrea Chu, Wenjing Cui, Christine Feng, Kelly Funderburk, Elisa Garcia, Holly Gwizdz, Jisoo Han, Bret Herzig, Ben Huang, Julu Katticaran, Olivia Kim, Eileen Lee, Yao Lu, Shinan Ma, Amy Sun, Stephen Wang, and Daniel Zhao for excellent research assistance. The authors are also grateful to Malcolm Baker, Nick Barberis, Roland Benabou, Harrison Hong, Atif Mian, Adair Morse, Uday Rajan, Amit Seru, and seminar participants at Columbia University, Dartmouth College, the Federal Reserve Bank of Philadelphia, Harvard Business School, 2012 NBER Behavioral Finance Meeting, 2012 NBER Summer Institute, Northwestern University, Stanford University, University of California-Berkeley, University of Michigan, University of Pennsylvania-Wharton, and University of Southern California for helpful discussion and comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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