SUBPRIME CITIES: The Political Economy of Mortgage Markets -- Contents -- List of Figures -- List of Tables -- Notes on Contributors -- Foreword: The Urban Roots of the Financial Crisis -- Series Editors' Preface -- Acknowledgments -- Part I Introduction -- Subprime Cities and the Twin Crises -- Part II The Political Economy of the Mortgage Market -- 1 Creating Liquidity Out of Spatial Fixity: The Secondary Circuit of Capital and the Restructuring of the US Housing Finance System -- 2 Finance and the State in the Housing Bubble -- 3 Expanding the Terrain for Global Capital: When Local Housing Becomes an Electronic Instrument -- 4 Building New Markets: Transferring Securitization, Bond-Rating, and a Crisis from the US to the UK -- 5 European Mortgage Markets Before and After the Financial Crisis -- 6 The Reinvention of Banking and the Subprime Crisis: On the Origins of Subprime Loans, and How Economists Missed the Crisis -- Part III Cities, Race, and the Subprime Crisis -- 7 Redlining Revisited: Mortgage Lending Patterns in Sacramento 1930-2004 -- 8 The New Economy and the City: Foreclosures in Essex County New Jersey -- 9 Race, Class, and Rent in America's Subprime Cities -- Part IV Conclusion -- 10 Subprime Crisis and Urban Problematic -- Glossary -- Index.