Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis
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.
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.
What people are saying - Write a review
Great Potential Undermined by Poor EditingUser Review - Borders
I purchased this book in hopes of acquiring a greater understanding of how our economy and housing market reached their present precarious states. Most of the reviews that I read for the book were ... Read full review
The Death of the Bailey Building and Loan
How Roland Arnall
The Son of a Bronx Butcher
The Holy Roller of REITs
The End of the New Century
A Conspiracy by Merrill?
Deep in the Belly of the Bear
The Tan Man Departs
What the Hell Happened? Ten Bad Years
TARP the Great Recession and the Return
A Mortgage Cartel Rises from the Ashes