Chain of blame: how Wall Street caused the mortgage and credit crisis / Paul Muolo, Mathew Padilla.

9780470292778 (cloth)
0470292776 (cloth)

Hoboken, N.J. : John Wiley & Sons, c2008.

English

xiii, 338 p.

HG5095 .M86 2008

332.7/20973

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.

Includes bibliographical references (p. 309-317) and index.

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