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Synopsis

An updated and revised look at the truth behind America'shousing and mortgage bubbles

In the summer of 2007, the subprime empire that Wall Street hadbuilt all came crashing down. On average, fifty lenders a monthwere going bust-and the people responsible for the crisis includednot just unregulated loan brokers and con artists, but alsoinvestment bankers and home loan institutions traditionallyperceived as completely trustworthy.

Chain of Blame chronicles this incredible disaster, witha specific focus on the players who participated in such afundamentally flawed fiasco. In it, authors Paul Muolo and MathewPadilla reveal the truth behind how this crisis occurred, includingwhat individuals and institutions were doing during this criticaltime, and who is ultimately responsible for what happened.

  • Discusses the latest revelations in the housing and mortgagecrisis, including the SEC's charging of Angelo Mozilo
  • Two well-regarded financial journalists familiar with theevents 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 allbecame entangled in the subprime mess

Intriguing and informative, Chain of Blame is acompelling story of greed and avarice, one in which many areresponsible, but few are willing to admit their mistakes.

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