Chain of blame
Subtitle: how Wall Street caused the mortgage and credit crisis
By: Paul Muolo, Mathew Padilla.
Contributors: Padilla, Mathew.
Publisher: John Wiley & Sons
Published: 2008
Place of publication: Hoboken, N.J
Language: eng
Number of pages: 338
ISBN-13: 9780470292778
Subjects: Mortgages -- United States; Mortgage loans -- United States; Financial crises -- United States; Stock exchanges -- United States
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.
Notes: Includes bibliographical references (p. 309-317) and index.