Chain of blame
how Wall Street caused the mortgage and credit crisis
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Author
Contributions
- Padilla, Mathew. - Contributor
Publication
2008 - John Wiley & Sons, Hoboken, N.J, New Jersey
Language
English
Word Count
84,500 words, Guess
Page Count
338 pages
Identifiers
- Internet Archivechainofblamehoww00muol
- Internet Archivechainblamehowwal00muol
- Internet Archivechainofblamehoww0000muol
- ISBN-100470292776
- ISBN-139780470292778
and 5 more
- LibraryThing5772814
- Library of Congress Control Number2008021463
- OCLC Control Number226355971
- Better World Books9780470292778
- Open LibraryOL18608001M
Classifications
- DDC332.7/20973
- LCCHG5095 .M86 2008
- LCCHG5095M86 2008
Description
An updated and revised look at the truth behind America's housing and mortgage bubbles In the summer of 2007, the subprime empire that Wall Street had built all came crashing down. On average, fifty lenders a month were going bust-and the people responsible for the crisis included not just unregulated loan brokers and con artists, but also investment bankers and home loan institutions traditionally perceived as completely trustworthy. Chain of Blame chronicles this incredible disaster, with a specific focus on the players who participated in such a fundamentally flawed fiasco. In it, authors Paul Muolo and Mathew Padilla reveal the truth behind how this crisis occurred, including what individuals and institutions were doing during this critical time, and who is ultimately responsible for what happened. Discusses the latest revelations in the housing and mortgage crisis, including the SEC's charging of Angelo Mozilo Two well-regarded financial journalists familiar with the events that have taken place chronicle the crisis in detail, showing what happened as well as what lies ahead Discusses how the world's largest investment banks, homeowners, lenders, credit rating agencies, underwriters, and investors all became entangled in the subprime mess Intriguing and informative, Chain of Blame is a compelling story of greed and avarice, one in which many are responsible, but few are willing to admit their mistakes.
Description
In the summer of 2007, the subprime empire that Wall Street had built all came crashing down. Banks like Countrywide and non-banks such as New Century Financial--all financed by Bear Stearns, Goldman Sachs, Merrill Lynch, Lehman Brothers and others--were in danger of closing, or actually failing. On average, 50 lenders a month were going bust. Chain of Blame will chronicle the disaster, focusing on the players - the executives on Wall Street but also the lenders and brokers. It's a national story of greed and avaraice, one that hasn't come down the pike since the S&L scandal.--From publisher description.
Subjects
Other Editions
- Chain of blame
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