Chain of Blame [Paperback]How Wall Street Caused the Mortgage and Credit Crisisby Paul Muolo and Mathew Padilla
Usually ships within 2 to 4 working days Description of Chain of BlameIn 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 flawed fiasco. The authors reveal the truth behind how this crisis occurred, what individuals and institutions were doing during this critical time, and who is ultimately responsible. Title Information
Press and Industry Reviews"A ripping piece of reporting."- Bloomberg "A juicy, name-dropping read." - BusinessWeek "Two of the smartest, most entertaining investigative reporters alive describe one of the most important financial stories of our time. If you had any skin at all in the housing boom, you've got to read the story of exactly how that boom went bust." - David Asman, Host, America's Nightly Scoreboard "Paul Muolo and Mathew Padilla display their deep knowledge of the mortgage industry and all its players. Chain of Blame is a comprehensive examination of a crisis that affects us all." - Scott Cohn, Correspondent, CNBC Write a review of this book About Paul Muolo and Mathew PadillaPaul Muolo is Executive Editor of National Mortgage News - which won a Polk Award in 1990 for its reporting on the S&L crisis. His freelance work has appeared in the New York Times, the Washington Post, and Barron's. Muolo has been a guest on numerous media outlets, including CNN, CNBC, ABC, and Fox Business Network.Mathew Padilla is a business journalist whose work on the implosion of the Southern California subprime industry was recognized by the Society of American Business Editors and Writers. Contents of Chain of BlameIntroduction: Financial AshesCast of Characters 1. Angelo Speaks, the Worldwide Contagion Begins 2. The Repo Man Meets the Bald Granny: A Short History of Subprime 3. The Death of the Bailey Building and Loan, the Rise of Millionaire Loan Brokers and Countrywide 4. The Beach Boys of B&C: How Roland Arnall Became the Johnny Appleseed of Subprime 5. Angelo Rising: The Son of a Bronx Butcher Makes Good 6. The Holy Roller of REITs 7. The End of the (New) Century 8. A Conspiracy by Merrill? 9. A Warning from Lewie: CDOs, SIVs, and Other Things No One Understands 10. Deep in the Belly of the Bear 11. Armageddon Times: The Tan Man Departs, Bye-Bye Bear 12. What the Hell Happened? Ten Bad Years for Housing in America 13. TARP, the Great Recession, and the Return of Stan Kurland Afterword TBTF: A Mortgage Cartel Rises from the Ashes Source and Interview Notes Glossary Acknowledgments About the Authors Index |
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