Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis

Be the first to write a review

All Available Formats + Editions

——

$10.16

NOOK Book

——

$10.16

Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis (eBook) Pub. Date: 12/21/2010 Publisher: Wiley, John & Sons, Incorporated
$4.29

$11.15

Paperback

$4.29

$11.15

Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis Pub. Date: 2/2/2010 Publisher: Wiley, John & Sons, Incorporated
$0.01

$23.41

Hardcover

$0.01

$23.41

Chain of Blame: How Wall Street Caused The Mortgage and Credit Crisis Pub. Date: 7/8/2008 Publisher: Wiley, John & Sons, Incorporated
——

$24.88

Audiobook

——

$24.88

Chain of Blame: How Wall Street Caused The Mortgage And Credit Crisis (MP3 - Unabridged) Pub. Date: 1/17/2012 Publisher: Gildan Media Corp

Customers Who Bought This Also Bought

Advertising

Overview

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.

Discusses the latest revelations in the housing and mortgage crisis, including the SEC's charging of Angelo Mozilo
Two well-regarded financial journalists familiar with the events that have taken place chronicle the crisis in detail, showing what happened as well as what lies ahead
Discusses how the world's largest investment banks, homeowners, lenders, credit rating agencies, underwriters, and investors all became entangled in the subprime mess

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.

Product Details

ISBN-13: 9780470554654
Publisher: Wiley, John & Sons, Incorporated
Publication date: 2/2/2010
Edition number: 1
Pages: 379
Sales rank: 571,698
Product dimensions: 5.90 (w) x 8.90 (h) x 1.10 (d)

Meet the Author

Paul 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.

Introduction: Financial Ashes vii

Cast of Characters xiii

Chapter 1 Angelo Speaks, the Worldwide Contagion Begins 1

Chapter 2 The Repo Man Meets the Bald Granny: A Short History of Subprime 23

Chapter 3 The Death of the Bailey Building and Loan, the Rise of Millionaire Loan Brokers and Countrywide 47

Chapter 4 The Beach Boys of B&C: How Roland Arnall Became the Johnny Appleseed of Subprime 73

Chapter 5 Angelo Busing: The Son of a Bronx Butcher Makes Good 103

Chapter 6 The Holy Roller of REITs 127

Chapter 7 The End of the (New) Century 149

Chapter 8 A Conspiracy by Merrill? 179

Chapter 9 A Warning from Lewie: CDOs, SIVs, and Other Things No One Understands 205

Chapter 10 Deep in the Belly of the Bear 227

Chapter 11 Armageddon Times: The Tan Man Departs, Bye-Bye Bear 249

Chapter 12 What the Hell Happened? Ten Bad Years for Housing in America 277

Chapter 13 TBTF: A the Great Recession, and the Return of Stan Kurland 309

Afterword: TBTF: A Mortgage Cartel Rises from the Ashes 335

Source and Interview Notes 341

Glossary 351

Acknowledgments 359

About the Authors 361

Index 363

Customer Reviews

Be the first to write a review

( 0 )

Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Review Guidelines

Tell the world what you think of this product.

Add Recommendations

Your Name: Create a Pen Name or Leave Anonymously

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

- HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
- Time-sensitive information such as tour dates, signings, lectures, etc.
- Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
- Comments focusing on the author or that may ruin the ending for others
- Phone numbers, addresses, URLs
- Pricing and availability information or alternative ordering information
- Advertisements or commercial solicitation

Reminder:

- By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
- Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
- See Terms of Use for other conditions and disclaimers.

If you find inappropriate content, please report it to Barnes & Noble