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Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis

Posted on 2010-03-15




Name:Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis
ASIN/ISBN:0470292776
Language:English
File size:1.1 Mb
Publish Date: 2008-07-08
ISBN: 0470292776
Pages: 338 pages
File Type: PDF
File Size: 1,1 MB
Other Info: Wiley
   Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis

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Paul Muolo, Mathew Padilla, ""

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 andcon 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. Authors Paul Muolo and Mathew Padilla, well-regarded journalists for National Mortgage News and the Orange County Register respectively, reveal the truth behind how this crisis occurred, what individuals and institutions-from lenders and brokers to some of the biggest investment banks in the world-were doing during this critical time, and who is ultimately responsible for what happened.

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