Chain of blame : how Wall Street caused the mortgage and credit crisis /
Paul Muolo, Mathew Padilla.
- Hoboken, N.J. : John Wiley & Sons, c2008.
- xiii, 338 p. ; 24 cm.
Includes bibliographical references (p. 309-317) and index.
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.