Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis is a 2008 book about the subprime mortgage crisis in the United States by investigative journalists Paul Muolo of National Mortgage News and Mathew Padilla of the Orange County Register.[1] The book has an accompanying website [2] with some excerpts, author biographies and a roundup of events in the subprime mortgage crisis that occurred after the book was printed.
Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis
The book analyses the causes of the subprime mortgage crisis in the United States in an attempt to assign responsibility for the collapse of a number of mortgage companies in 2007-2008 and for the sharp rise in mortgage defaults in the wake of the sudden tightening of mortgage credit in the summer and early fall of 2007. The authors find that, while blame can be laid at every link of the mortgage production chain (borrowers, brokers, wholesale lenders) the ultimate culprits are Wall Street firms that carelessly securitized mortgage loan pools without appropriate diligence and attention to the quality of the underlying loans.
Muolo, Paul; Padilla, Matthew (2008). Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis. Hoboken, NJ: John Wiley and Sons. ISBN978-0-470-29277-8.
Japanese translationedit
In 2009 the book was published in Japanese by Nippon-Hyoron-Sha Co., Ltd. under the title サブプライム危機 : 実録. ISBN978-4-535-55615-7.
Referencesedit
^Chain of Blame: How Wall Street Caused the Mortgage and Credit Crisis [Library of Congress)]
chain, blame, wall, street, caused, mortgage, credit, crisis, 2008, book, about, subprime, mortgage, crisis, united, states, investigative, journalists, paul, muolo, national, mortgage, news, mathew, padilla, orange, county, register, book, accompanying, websi. Chain of Blame How Wall Street Caused the Mortgage and Credit Crisis is a 2008 book about the subprime mortgage crisis in the United States by investigative journalists Paul Muolo of National Mortgage News and Mathew Padilla of the Orange County Register 1 The book has an accompanying website 2 with some excerpts author biographies and a roundup of events in the subprime mortgage crisis that occurred after the book was printed Chain of Blame How Wall Street Caused the Mortgage and Credit CrisisHardcover editionAuthorPaul Muolo and Mathew PadillaCountryUnited StatesLanguageEnglishSubjectSubprime mortgage crisisGenreNon fictionPublisherJohn Wiley and SonsPublication date2008Media typeHardcoverPages328 pp ISBN978 0470292778OCLC226355971Dewey Decimal332 7 20973 22LC ClassHG5095 M86 2008 Contents 1 Overview 2 Important personalities 3 Publishing information 4 Japanese translation 5 ReferencesOverview editThe book analyses the causes of the subprime mortgage crisis in the United States in an attempt to assign responsibility for the collapse of a number of mortgage companies in 2007 2008 and for the sharp rise in mortgage defaults in the wake of the sudden tightening of mortgage credit in the summer and early fall of 2007 The authors find that while blame can be laid at every link of the mortgage production chain borrowers brokers wholesale lenders the ultimate culprits are Wall Street firms that carelessly securitized mortgage loan pools without appropriate diligence and attention to the quality of the underlying loans Important personalities editAngelo Mozilo chairman of the board and chief executive officer of Countrywide Financial Roland Arnall owner of ACC Capital Holdings Lewis Ranieri former vice chairman of Salomon Brothers Michael Blum managing director in charge of global asset based finance at Merrill Lynch Bill Dallas founder amp CEO Ownit Mortgage a Merrill Lynch company Stanley O Neal former CEO Merrill Lynch Eric Billings co founder chairman CEO Friedman Billings Ramsey FBR Kerry Killinger CEO Washington Mutual Ralph Cioffi founder and senior portfolio manager Bear Stearns Alan Greenspan former chairman Federal Reserve Jack Mayesh CEO Long Beach Mortgage Brad Morrice co founder New Century Financial David Sambol former president Countrywide Financial Corp James Johnson chairman and CEO Fannie Mae George Davies loan trader Merrill LynchPublishing information editMuolo Paul Padilla Matthew 2008 Chain of Blame How Wall Street Caused the Mortgage and Credit Crisis Hoboken NJ John Wiley and Sons ISBN 978 0 470 29277 8 Japanese translation editIn 2009 the book was published in Japanese by Nippon Hyoron Sha Co Ltd under the title サブプライム危機 実録 ISBN 978 4 535 55615 7 References edit Chain of Blame How Wall Street Caused the Mortgage and Credit Crisis Library of Congress www chainofblame com Retrieved from https en wikipedia org w index php title Chain of Blame amp oldid 914499985, wikipedia, wiki, book, books, library,
