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

Description

An updated and revised look at the truth behind America's housing and mortgage bubblesIn 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 Pau.;Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis; Contents; Acknowledgments; Introduction; Cast of Characters; Chapter 1: Angelo Speaks, the Worldwide Contagion Begins; Chapter 2: The Repo Man Meets the Bald Granny; Chapter 3: The Death of the Bailey Building and Loan, the Rise of Millionaire Loan Brokers and Countrywide; Chapter 4: The Beach Boys of B & C; Chapter 5: Angelo Rising; Chapter 6: The Holy Roller of Reits; Chapter 7: The End of the (New) Century; Chapter 8: A Conspiracy by Merrill?; Chapter 9: A Warning from Lewie; Chapter 10: Deep in the Belly of the Bear.