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

By: Contributor(s): Material type: TextTextPublication details: Hoboken, N.J. : John Wiley & Sons, c2008.Description: xiii, 338 pSubject(s): Genre/Form: DDC classification:
  • 332.7/20973 22
LOC classification:
  • HG5095 .M86 2008eb
Online resources: Summary: 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.
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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.

Electronic reproduction. Palo Alto, Calif. : ebrary, 2013. Available via World Wide Web. Access may be limited to ebrary affiliated libraries.

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