Chain of Blame

Chain of Blame

How Wall Street Caused the Mortgage and Credit Crisis

Book - 2008
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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.
Publisher: Hoboken, N.J. : John Wiley & Sons, c2008.
ISBN: 9780470292778
Branch Call Number: 332.72 Muolo 08/2008
Characteristics: xiii, 338 p. ;,24 cm.
Additional Contributors: Padilla, Mathew


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Mar 05, 2014

An excellent book, and important to point out that ONLY one person was fired from Merrill Lynch for being honest! And ONLY one person was fired from Washington Mutual for being honest (Keysha Cooper). And how many were fired from Countrywide, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Citigroup, Bank of Amerca, for being honest (ZERO?????)? I think you get the picture.

Apr 11, 2010

The authors did a fantastic job with this book: it is very informative and excellently researched--absolutely packed with insights and information!

Would I read this book again? No. I'd listen to the audiobook instead; maybe it would be easier to follow.


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