# Prof. Stijn Van Nieuwerburgh on the causes of the housing bubble

1 Faculty News August 3, 2012 ![Boston Globe logo](/sites/default/files/styles/246w/public/assets/images/con_030922.jpg?itok=mRV2WGZx)>

Excerpt from [Boston Globe](http://articles.boston.com/2012-08-03/ideas/33016699_1_mortgage-specialist-subprime-mortgages-lenders-and-bankers/5) -- "In [Van Nieuwerburgh](http://www.stern.nyu.edu/faculty/bio/stijn-van-nieuwerburgh)’s view, the bubble does have a cause. 'The Federal Reserve Bank, as well as Congress, were gradually, slowly but surely, relaxing their oversight of the financial sector,' he said."

[Read more](http://articles.boston.com/2012-08-03/ideas/33016699_1_mortgage-specialist-subprime-mortgages-lenders-and-bankers/5)